Map shows which borough have the most £1million plus properties for sale
New data out today showed one in five houses in the capital are worth £1m or more. If you’re keen to find out the full detail, here’s a map showing which boroughs are the worst offenders:
The research from estate agent eMoov looked at the current housing stock across all of the big online property portals (Zoopla, Rightmove etc) in every borough to find out the percentage of homes valued at £1m or more.
It will come as a shock to nobody that Westminster has the highest percentage of million-pound pads, with 63 per cent of the properties listed at £1m or more . That’s closely followed by Kensington and Chelsea, at 62 per cent.
Russel Quirk, chief executive of eMoov, said: “When people think of London they accept prices are through the roof.
“With prices across London continuing to rise, surely it won’t be long before Barking and Dagenham will see some of its properties priced at £1m or above.
“When you consider that across a city as vast and as populated as London, one in every five properties will cost you a six-digit price tag, it really is disheartening for the aspiring London homeowner.”