Britons currently own some £2 trillion in bricks and mortar as the latest research reveals that property price rises have lined British pockets.

Despite concern over fluctuating house price growth levels, a study by GE Money Home Lending has shown that UK homeowners now have £1.96 trillion of wealth, some £127,455 for each property in the UK.

The figures, based on research from GfK NOP, suggests that of the 62 people who own their own homes in the UK, only 26 per cent do so outright, meaning there is a resale value of £1.377 trillion.

"Whatever happens to the property market in the short term, we have had a prolonged period of rising prices which have - importantly - helped many homeowners to build equity and a reassuring cushion against any downturn," Gerry Bell, head of mortgage marketing with GE, told the Guardian.

Unsurprisingly much of the UK''s property wealth was found in the south-east, with £377 billion in equity held by homeowners. This figure is lowest in the north-east, with around £58 billion worth of properties.