£1m homes failing to shift, says new survey

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The number of home sales worth at least £1 million has fallen to its lowest level since 2009, according to new research by Lloyds TSB.

Even though there were 3,043 million pound property sales in Great Britain in the first half of 2012 it was the smallest total since the first half of 2009 and 11 per cent lower than in the same period last year.

Sales of million pound homes account for just one per cent of total house sales and even in London only account for only one in 20 sales.

 

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