Real estate: where owners of one million housing live

The analytical website Zoopla reported that there are 768,553 "homeowners millionaires" in the UK alone. This indicator rose by 23% compared to the previous year. The majority of owners of property, which costs more than £1 million, live in England.

The clear leader in expensive real estate was London, where there are 430,720 homes which cost more than £1 million. In other words, every twentieth resident of the capital owns property valued at a million pounds.

Cities near the capital also are distinguished by rich homeowners: in Guildford, there are 5,889 people, that is, every 24th resident of the town. In Beaconsfield, Buckinghamshire and Westminster, the greatest concentration of "property millionaires" is noted. Zoopla reports that in Westminster, the share of real estate that costs £1 million and above is 58%. The percentage of homeowners millionaires is slightly less in the Chiltern Hills area - 49%, but the average cost of houses in this area often exceeds the minimum mark of £1 million.

Real estate agent Roger Mead of the Frost Partnership said that over the past ten years, Londoners more and more often sell their houses and apartments in London to move to a quieter place, such as Baconsfield. Mead argues that to give £1-1.5 million for property is not a luxury for local residents, the price is quite acceptable for comers from the capital.

At the same time, other regions of the UK are far behind the metropolitan areas: in Yorkshire and Humberside, there are 4103 objects with a cost of a million pounds, and in Wales - 2223. It is worth noting that Zoopla did not take into account the owners who bought a house with a mortgage.

Experts believe that the number of "property millionaires" will cease to grow if the situation on the real estate market does not change. The average price of real estate fell over the past month by an average of 0.6% in the UK.

read other news here

real_estate property_millionaires London expensive
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
1 view in november
I recommend
No recommendations yet


Post your comment to communicate and discuss this article.

The Museum of London is considering purchasing parts of Boris Johnson’s water canon after they were sold to a scrapyard at a loss of over £300,000. The three riot control vehicles were purchased from the German federal police.  However in 2015, they were banned from being used by then home secretary Theresa May, consigning them to a storage yard in Gravesend.  The museum is looking to purchase some objects from the scrapyard as part of a collection which w...
Police have launched a manhunt after a woman was followed into a basement in east London and raped. The Met released an image of a suspect on Tuesday, following the attack in Whitechapel on November 9. The 22-year-old was approached by a man in Hanbury Street at about 2.10am, police said.  Scotland Yard said the suspect followed her into a building before raping her in the basement of the address. He left about 20 minutes later. Police said the suspect is...
Police have launched a manhunt after religious idols and Diwali donations were stolen from two north London temples in early morning raids. The Met said the early morning burglaries were being treated as linked and released a CCTV image of a hooded suspect on Saturday. Officers also urged faith leaders to be vigilant against future incidents. The first happened at the Shree Swaminarayan Temple in Willesden Lane, Brent, on November 9. While the priests were...
Rail commuters have been told not to attempt to travel into London Waterloo after engineering works overran. South Western Railway (SWR) passengers using the route into London Waterloo from Surbiton were warned not to travel on Monday morning. Disruption is expected to last for the entire day and the Network Rail engineering works will not be finished until 8.39am at the earliest.  The rail operator said Woking, Surbiton, Raynes Park and Earlsfield station...
Some 82 people have been arrested after hundreds of protesters gathered in central London in attempts to block five bridges on Saturday, as they demanded the Government take greater action on climate change. The group Extinction Rebellion encouraged people to perform a sit-in across Southwark, Blackfriars, Waterloo, Westminster and Lambeth bridges on following a co-ordinated week of action around the UK. Following their closures, all bridges have now reope...
Almost one million crimes of fly-tipping were reported by councils across England during 2017-18, the first fall in five years. Councils recorded 997,553 incidents of illegal dumping, an average of more than 2,700 a day. It was a slight decrease on the 1,011,000 in 2016-17 and is the first time the figure has dropped since 2013. The government said two-thirds of fly-tipping involved household waste. It did not reveal the total cost to taxpayers of clearing...
Children living in London boroughs with high diesel pollution suffer from stunted lung capacity, putting them at risk of early death, a study has said. Pupils living in areas that failed to meet EU nitrogen dioxide limits were at increased risk of lung disease, researchers found. The research studied 2,000 London school children over five years. "We are raising a generation of children reaching adulthood with stunted lungs," researchers said. Academics fro...
A private school teacher has been left partially blind after another woman smashed a glass in her face during a night out.  Lisa Bertsch, 30, was at the Be At One bar in Richmond when she was hit in her right eye. The tumbler shattered and left Ms Bertsch, who lives with her boyfriend in Kingston, needing emergency surgery. She said the attack happened when she tried to stop the assailant pouring a cocktail over her friend’s belongings. Ms Bertsch added th...
Discarded syringes have been left in play areas and car parks as a BBC investigation found councils were being called 50 times a day to remove them. Figures obtained by the BBC showed councils handled 18,496 cases in 2017-18, a rise of 7% in two years. A volunteer pricked by a discarded needle has told how he faces a wait for HIV and hepatitis test results. The Department for Communities and Local Government said it was "committed to doing more to reduce d...