Welcome to the millionaire zones.
Are you a millionaire yet? Give it another 14 years. As house prices continue to rise, the number of UK homes worth £1 million or more is expected to more than triple by 2030, according to a report by Santander Mortgages, making one in four London homeowners into property millionaires. As it is, the proportion of million-pound homes is relatively small, the research found — less than 500,000 in the UK and only 1.77 per cent of the nation’s housing stock. By 2020 this will rise to 689,000, and 2.37 per cent, and by 2030 it will be 1.6 million, and 5.14 per cent