Research commissioned by Investec Specialist Private Bank reveals that there were 21,319 residential properties on the market for £1m or more during the second quarter of 2011.
This was 10% higher than the same period in 2010 and 8% more than in the first three months of this year.
Collectively, they were worth over £47.76bn, which equates to £2.24m per property.
Greater London had the most £1m-plus properties, with nearly half (44.5%) of all properties in this price bracket for sale in the capital.
Surrey, Hertfordshire, Kent, Essex, Buckinghamshire, Hampshire, Middlesex and Berkshire followed.
Investec specialises in lending on £1m-plus properties.
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Comments
Does this mean more supply than demand in the Big Smoke?