London property millionaire numbers hit record high as city living regains appeal

Houses in Kensington & Chelsea, where several wards have average house prices above £1 million - (Daniel Lynch)

The number of property millionaires in London hit a record high at almost 350,000 as property trends that emerged during the pandemic start to unwind.

Of the homes in the capital one in 11 now has a seven-figure price tag as people are increasingly called back to offices at least some days a week, new research from Savills found.