“More than 300,000 British homes are worth over £1 million pounds ($1.5 million), up 32 percent on last year, according to a property ‘rich list’ out on Friday. Furthermore, the number of streets where the average property value is over £1 million jumped to 8,230. Unsurprisingly to those familiar with England’s expensive capital, London was home to all 20 of the country’s most expensive streets. Despite the U.K.’s anemic economy, property prices have continued to rise, fueled by easy monetary policy, housing shortages, and government schemes to make home-buying more affordable.”
Thriving UK Housing Market Creates 77,894 More ‘Millionaires’ Last Year
