More than 100,000 UK home owners have become new property millionaires during the past decade, although numbers slipped due to the credit crisis, claims new research.
Postcodes in London and the home counties occupy the top 10 places.
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.
Almost 80 per cent of the million pound homes are in London, with the capital’s “SW” postcode claiming nearly three in ten of the nation’s millionaire properties.
Postcodes in London and the home counties – including towns such as Guildford, Kingston upon Thames and Hemel Hempstead – occupy the top 10 places, according to the research carried out by Santander.
London’s “SE” postcode area has showed a 23-fold increase in its number of property millionaires in the past decade.
