Average UK home makes £16 an hour

The average UK homeowner made £27,264 in 2015, around the same as the average salary. This equates to £524 each  week, or £16 for every working hour of the year, according to online estate agent, eMoov.co.uk.

London property-owners enjoyed some of the tidiest profits. On average they bolstered their yearly income by £58,000 across the 32 boroughs, that’s £35 an hour.

The London Borough of Camden saw the biggest rise, along with Westminster, with an incredible increase of over £125,000 a year.

Homeowners in the London commuter belt enjoyed an increase of £29,000 over the year, less than half that of the Capital, but notable none the less. This still translates to £17 for every hour worked and £561 for every full week, a comforting figure to off-set those additional hours spent commuting each day.

Outside of the London South-east property bubble, homeowners made £11,000 on average during 2015.

Founder and CEO of eMoov.co.uk, Russell Quirk, commented:  “Getting over the hump of homeownership and the costs that come with it can certainly pay dividends in the long run, as this research shows.

“London is always going to dominate in terms of property value increase, but even outside of the South-east, UK homeowners across the board have enjoyed an increase in property value equivalent to a second salary.”