Specialist large loans mortgage broker Largemortgageloans.com has claimed that million pound property sales in Great Britain increased by almost 58% in 2010, compared with the previous year.
According to Largemortgageloans.com’s 2010 Million Pound Property report, 7,451 million pound properties were sold in Great Britain, compared with 4,725 in 2009.
The firm said it has researched and analysed residential property sales of at least £1 million at regional and local authority level in Great Britain, using Land Registry data for England and Wales and Registers of Scotland data for 2007, 2008 and 2009.
The West Midlands million pound property market witnessed a 100% increase in sales from 2009 to 2010, while East Anglia’s sales rose by 80%. Both Greater London and the South East also saw strong growth of over 60%, year on year.
Paul Welch, managing director of Largemortgageloans.com, said: “There are some fascinating insights in this latest million pound property research from Largemortgageloans.com
