Where do most millionaires live in the UK?
Windsor, according to WealthInsight, which has analysed the most affluent small towns and villages in the UK and estimates that it has between 850 and 900 millionaires living there. It is followed by Weybridge (over 800) and Sevenoaks (also over 800). The full top 10 rundown is:
|5||Henley on Thames|
|10||Ascot (incl. Sunninghill)|
Henley is the fastest growing town on the list with millionaire numbers rising by 25% between 2007 and 2012. Towns that nearly scraped into the top 10 include Burford, Chipping Campden, Dartmouth, Ilkley, Leatherhead, Lyndhurst, Pangbourne, Ponteland, Virginia Water and Windermere, each of which are estimated to have more than 200 millionaires.
Research from W.A.Ellis shows that on average there is a 35% price difference between lateral flats (flats which are on one level but have the floorspace of multi-storey houses) and houses, with the former often selling at a premium – an average of £3,600 per square foot, compared to an average of £2,200 per square foot for houses. Simon Godson, Partner at W.A.Ellis, said: “Lateral flats rarely come onto the market which is why they command such a premium. Interest in these flats is primarily driven by overseas buyers, who notoriously dislike stairs and four or five floors. They prefer to have the accommodation all on one or two levels. Interestingly, our research shows that 70% of lateral flats sold since January 2012 were on the first floor, which of course, offer rooms with spectacular ceiling heights and the most voluminous room sizes which are hard to match in a town house.”
Living on London’s waterways
The London Assembly has launched a new investigation into moorings on London’s waterways led by Jenny Jones AM to look at the impact of increasing boat numbers on, among other things, canal-side properties. “As house prices in London escalate even further, some people may think that living on a boat on one of the capital’s waterways is an attractive alternative,” she said. “However, there are considerable pressures on moorings and we have heard that in some parts of the capital, overcrowding and pollution is causing tension within the boating population, and between boaters and local communities. We need to find out if London’s waterways can cope with the growing demand and how they are being managed so everyone is able to enjoy the capital’s rivers and canals.”
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