Britain has 768k £1m homes
Britain has 768,553 homes valued at £1m or more, analysis by Zoopla shows, with the figure accounting for 2.7% of the nation’s housing stock. The figure is 143,476 up on August 2016, marking a 22.95% increase. Of the total, 430,720 of the properties are in London. Westminster is the capital’s million-pound property hotspot, with 54,231 homes worth at least £1m.
Outside of London, Guildford has the most £1m-plus valued homes, with 5,889, followed by Cambridge (5,530) and Reading (5,421). Nationally, Scotland has 11,101 homes worth at least £1m, while Wales has 2,223. A specialist of Zoopla said that while there are more properties worth at least £1m than ever before, they still only represent a “small fraction” of all housing stock.