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Wednesday 15th July 2015, Property media watch:
Today’s local stories in the property world:
More than half a million British properties now worth over £1 million – Property Wire
“The number of home owners in Britain whose property is worth £1 million or more has exceeded half a million for the first time, according to new research. The number of so called property millionaires now stands at 524,306, an increase of 8.3% on last year’s figure and almost 11,000 streets now have an average property value above £1 million, the data from Zoopla shows.”
House prices up 5.7% according to ONS – Property Reporter
“The latest data from the Office for National Statistics has shown that house prices in the UK increased by 5.7% in the year to May 2015. This was up from 5.5% in the year to April 2015. The data also revealed that house price annual inflation for the same period was 5.8% in England, 2.5% in Wales, 2.9% in Scotland and 10.5% in Northern Ireland.”
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