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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