The number of properties in the UK is more expensive than £1 million increased by 14% for the year

The number of properties in the UK costs more than £1 million. increased by 14% from January 2015 or 75796 in absolute terms. Now the number of houses – apartments millionaires 622939 and this means that 2.2% of all Britons have property costs more than £1 million or more. All these rich people 82% live in London and the South East of England. These are the findings presented by the UK’s largest real estate portal Zoopla.

In Wales, the houses of millionaires are very few, and in Scotland over the past year the number of properties more expensive than £1 million. fell by 4.5% due to the global fall in energy prices.

London continues to lead as the most expensive city in the UK, attracting investments in their property from all over the world.

A total of 380337 residential properties in London fall into a price category more expensive than £1 million , and the number of such objects has increased in London by 10% year – 33871. Within London, the largest number of residential real estate is more expensive than £1 million is located in the heart of London – 51607 and Kensington and Chelsea – 44972 , but these areas saw a small increase of houses – millionaires this year – by 0.9% and 0.6% respectively. The big increase in the number of expensive housing – 55% was recorded in London with the lowest priced real estate areas of Barking and Dagenham, Newham, Redbridge and Waltham forest.

Outside of London in the East of England and Yorkshire and Humber the highest growth of residential real estate is more expensive than £1 million – 28% in East and 24 in Yorkshire and the Humber. This unusual trend is the increase in the number of expensive housing in the East, as has traditionally dominated the most expensive regions of the UK – London and southern England, further evidence in favor of the fact that price growth in London and the South of England, already exhausted, and the potential growth of prices in cheaper regions is gaining strength.

The cheapest housing in the UK in Wales – a total of 1404 object more expensive than £1 million there are in Wales and an increase from January 2015 is 11%.

With the improvement of the economy of the United Kingdom, and against the backdrop of low interest rates and the total lack of new residential units for sale, the pressure on the housing market in the UK continues and this led to the fact that now owning a property more expensive than £1 million is not only the prerogative of the very rich people who own stately mansions. Often quite modest house or apartment is more expensive than £1 million because of its excellent location, which is especially important for London.

® Alice Morgan. G. 11.12.2015

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