“Property Millionaires”

Zoopla the property company revealed through their research  that the number of British homeowners with a property worth £1 million or more now stands at 524,306, an increase of 8.3% in the last year as property prices rise.

In Britain there are now 10,958 streets where the average house price exceeds £1 million, 43% of those are in London alone, the most expensive is  Kensington Palace Gardens, W8 where the average house price is worth a staggering £42.5 million.

Lawrence Hall from Zoopla reportedly said: “London continues to be the epicentre of the million-pound property market in Britain.” going on to say that a number of other high-value property areas are growing outside the capital city: “particularly in Surrey and Buckinghamshire, that are very attractive to professionals seeking to live outside yet within easy reach of the city and enjoy low crime rates coupled with good schools.”

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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