Number of UK property millionaires breaks 300,000

Zoopla attributed the growth to demand from equity-rich buyers looking to purchase prime property, predominantly in London and the South East. According to its figures, 64% of the UK's property millionaires live in London. The capital is home to 182,583 property millionaires, with 36,815 more created in the last 12 months, equivalent to 100 new property millionaires being created every day in the capital throughout 2012. The borough of Kensington and Chelsea in west London is home to the most property millionaires in the country, according to Zoopla. The average property value in t...