One in 45 British homeowners now own a £1m-plus property
Original Article Summary
The total number of property millionaires has fallen by 9% since the 2022 peak
PropMatch Curated Analysis
Analysis shows 673,000 UK properties valued at £1m+, down 9% from 2022 peak but still 29% above pre-pandemic levels. Regional variations reveal London's resilience versus sharper corrections in South East and South West markets.
Investor Relevance
Critical for portfolio valuation expectations, regional acquisition strategy, and understanding market correction patterns. The 'concertina effect' back to established high-value areas affects where investors should focus acquisition efforts and expect sustained value growth.
Original Source:
Property Industry EyeStay Updated
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