Property market boosts UK millionaires

28th August 2015

A study by Barclays Wealth has found one in every 65 adults in Britain is now a millionaire. There are 715,000 millionaires in the UK, a 40% increase on 2010, according to the research. Paul Swinney, senior economist at think-tank Centre for Cities, which helped compile the research, said: “Property prices have been a very strong driver in pushing up the number of millionaires. The rise in house prices, particularly in London, in the last five years has been incredible, pushing many people's assets over £1m.”

The Guardian