Number of UK property millionaires has almost doubled in the last three years

According to the latest research from Hamptons International, the number of its UK property millionaires has nearly doubled in the last three years. Figures reveal that 21 per cent of properties were sold in excess of £1 million during 2008 (year to date), compared to just 12 per cent in 2006.

In addition, whilst the number of property millionaires in London remains high overall, year-on-year comparison across UK region reveals a lower percentage rise in the number of new London property millionaires, when compared to other areas with the UK.

In fact, surprisingly the West Country has witnessed the greatest increase in the number of applicants seeking properties over £1million, with almost two and a half times (134 per cent) as many applicants in Q1 2008, compared to the first quarter of 2007.

The Hamptons research compares the number of millionaires across its network since 2006 year-on-year and identifies the top millionaire “hotspots” today.

April 2008