More than 100,000 new property millionaires

 

 

More than 100,000 home owners have become new property millionaires during the past decade, although numbers slipped due to the credit crisis, claims new research.

 

As many as 132,000 homes are worth more than £1 million, concentrated mostly in London and up from almost 27,000 that existed at the turn of the Millennium.

But the figure would have been higher had it not been for the housing slump during the credit crisis which resulted in 43,000 homes losing their millionaire status.

 

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