property millionaires

More than 75,000 new "property millionaires" have been created across Britain during 2015 as house prices continue pushing upwards, according to a website.

The number of home owners whose property is now worth £1 million or more - making them property millionaires - has increased by 75,796 (or 14 per cent) since January, analysis by Zoopla found. The increase equates to more than 200 new property millionaires being created every day.

The increase in million-pound homes across the country takes the total number of property millionaires in Britain to 622,939 - and means that 2.2 per cent of all home owners have a property worth £1 million.