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Soaring Numbers of £1 Million pound Homes


April 30th, 2013

London continues to lead the way in the sale of top end properties with more than 25% of sales over £1 million being in the two London boroughs of Kensington and Chelsea and Westminster.

 

There were 7397 sales above £1 million across Britain in 2012, which was the highest number since 2007. The number was up 2% on 2011 according to Lloyds TSB.

 

London and the South East made up 85% of all high end sales with almost 1 in 6 properties sold in London being above the £1 million mark. The increase was driven by wealthy UK and overseas buyers and a limited supply.

 

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