Surge in the number of homes in Britain valued at £1 million-plus

In the past five years, Britain has seen a 33% increase in million-pound homes, with a total of 702,580 properties now valued at £1 million or more. London led this surge, with 349,068 million-pound homes, while the rest of the UK experienced a 1% decline in such properties. Despite some regional variations, the return-to-work movement has driven increased demand for city living, resulting in 5,000 homes crossing the million-pound threshold in London in 2024.

Full Article