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Written by rosalind renshaw

The number of million-pound property sales last year was up 54% on the year before, according to Lloyds TSB.

In contrast, there was a 1% fall in the number of sales of homes worth less than £250,000.

There were 7,185 million-pound property sales in Britain last year. Most (83%) were in London and the South-East.

Of the total, 1,429 were sales of properties costing £2m-plus, three-quarters of which were in London.

The bank estimates that there are now 184,000 homes in Britain worth at least £1m.

Comments

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    So in 2010 there were 7,185 houses sold for more than £1m.

    That is 54% more than in 2009, which means that 4,666 house were sold for more than £1m that year.

    Cool.

    Except that 7,185 out of 184,000 is 3.9% of the stock levels.

    That's really, really low.

    • 04 May 2011 14:41 PM
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