GBP1 Million Properties Selling

Published / Last Updated on 29/10/2007

According to research from Halifax Estate Agents, the number of properties that have been sold for £1 million or more has increased in England and Wales.  

The sale of £1million properties represented 0.5 per cent of all homes sold in England and Wales this year.  The area with the highest number of £1million properties is of course, London, with 58 per cent.  

However, other areas of the country are catching up and the number of £1million in the northern regions, represented 6 per cent of total £1m plus sales in 2007.  

Our view

Property increases are a natural progression.  In 20 years time, most of us will live in million pound properties. 

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