HUGE price growth means London homes are worth twice the combined value of all those in the nine next-largest cites.

The total value of homes in the capital is now more than £1.5 trillion.

This is over double the £678 billion that the other nine cities come to.

The research from property portal Zoopla found Bristol, Glasgow and Birmingham to be the next three, in terms of total property value.

The Zoopla report points out that a wide gap between London and the rest of the UK’s big cities remains despite London recording the slowest house price growth in 2017 at 1.5 per cent.

“It comes as no surprise that London is significantly more valuable as a residential property market than any other British city,” said Lawrence Hall, spokesperson for Zoopla.

“However, the data does show that, in comparison to cities further north and across the Scottish border, the rate of growth in London has slowed.”

Second in terms of overall value of homes is Bristol at £115.21 billion which is 27 times higher than Sheffield, the city with the lowest total value of £55.67 billion.

Glasgow recorded the second largest growth rates of all cities with prices up 5.4 per cent to an overall value of £90.75 billion. Birmingham is fourth in Zoopla’s rankings, with a total property-market of £81.67 billion.

Within London, the SW1 area, which includes the affluent neighbourhood of Westminster, was identified as being the most valuable area of the capital with homes worth £54.57 billion in total, nearly as much as the whole of Sheffield’s housing.