Tuesday, May 31, 2011

rich housing

More than 220,000 Britons own a property worth in excess of £1m – more than the population of Newcastle or Brighton and Hove.

Despite recent falling property prices, the UK still has 5,922 "million-pound" streets, where the average property costs more than £1m. London is home to the biggest number of expensive streets with 2,290, followed by Guildford, a popular commuter town, with 89. Nine out of the top 10 most expensive neighbourhoods are in London. Kensington is by far the most expensive neighbourhood in the country, with house prices averaging £1,737,862.

Kensington Palace Gardens, otherwise known as Billionaires Row – where the average property price is a staggering £19.2m. This exclusive gated street is home to Saudi and Brunei royalty, Russian oligarchs and Britain's richest man, Lakshmi Mittal, who owns not one but three properties on the street.


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