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Evening Standard
Evening Standard
Vicky Shaw

One in every 42 homes in Britain ‘is now valued at £1 million-plus’

Savills Britain London Hamptons PA Graphics
One in every 11 homes in London is now valued at £1 million-plus, according to Savills (Hannah McKay/PA Archive) - (PA Archive)

The number of homes valued at £1 million-plus across Britain has jumped by around a third over the past five years, a property firm has estimated.

Savills calculated a net gain of 3,127 more properties being worth at least £1 million last year, compared with 2023, taking the total number of homes valued at this level to around 702,580, a number which has increased by 34% over the past five years.

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