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.

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