18 May

Many high-end properties 'based in London'

Many high-end properties 'based in London'

There are luxury homes located in all areas of the UK, with most high-end property in London, it has been shown.

According to Zoopla.co.uk, there are nearly 2,000 streets in the country where the average house price exceeds £1 million.

In total, 1,995 such residential areas exist, the property website noted.

Among them is Kensington Palace Gardens, where the typical cost of an abode is more than £18 million.

Meanwhile, The Boltons in SW10 and Frognal Way in NW3 secured second and third place respectively.

The firm's Nick Leeming said: "The past 12 months have seen house prices in the leading areas of the country rebound at a far faster rate than the average, contributing to a widening of the north-south divide."

Earlier this month, Nigel Ellis, director at Prickett & Ellis, suggested that the flagging fortunes of the euro are likely to lead to increased foreign investment in the UK housing market.
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