Average prices in Kensington & Chelsea have risen by more than £125,000 in the past year
| Rank | Region | No. of Property Millionaires (Dec '15) | No. of Property Millionaires (Jan '15) | % Change in £1M+ Homes (Jan '15 - Dec '15) |
| 1 | East of England | 46,863 | 36,528 | 28.30% |
| 2 | Yorkshire and The Humber | 3,041 | 2,445 | 24.40% |
| 3 | East Midlands | 4,284 | 3,510 | 22.00% |
| 4 | North East England | 3,540 | 2,957 | 19.70% |
| 5 | South East England | 133,063 | 111,177 | 19.70% |
| 6 | South West England | 22,896 | 19,339 | 18.40% |
| 7 | West Midlands | 7,306 | 6,380 | 14.50% |
| 8 | Wales | 1,404 | 1,260 | 11.40% |
| 9 | London | 380,337 | 346,466 | 9.80% |
| 10 | North West England | 8,412 | 7,774 | 8.20% |
| 11 | Scotland | 8,893 | 9,308 | -4.50% |
| TOTAL | 622,939 | 547,143 | 13.80% | |
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Source: Zoopla The most expensive streets are in London's borough of Kensington & Chelsea, where prices have risen more than £125,906 to £2,197,170 in the past year, and Westminster, where values have increased by £45,154 to £1,193,337 during the same period.
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Homes with a £1m price tag include this five bedroom terrace house near south London's Brockwell Park
This five bedroom detached house in St Albans is also available to those with a £1m budget
The boroughs with the greatest increases in the past year are within the top 10 lowest average priced boroughs in London, including Barking & Dagenham, Newham, Redbridge and Waltham Forest.
Mark Harris, chief executive of mortgage brokers SPF Private Clients, said: 'The upwards march of house prices means more of us are property millionaires than ever before. The surprising thing is that the real growth in million-pound homes is in poorer parts of London where gentrification is becoming increasingly marked.'
The largest increases outside of London were in the East of England and Yorkshire and The Humber, up 28 per cent and 24 per cent respectively.
By contrast, Wales has the fewest million pound properties in Britain with only 1,404 in total. This is despite a significant 11 per cent uplift since January.
Scotland was the only region to see a decrease in the number of million pound homes in 2015, falling 4.5 per cent to less than 9,000 since the beginning of the year.
This one bedroom flat in London's fashionable area of Chelsea has a price tag of £1million
This four bedroom detached property in Bishop Auckland is available for the same price
Zoopla spokesman Lawrence Hall said: 'It's interesting to see that areas such as the East of England and Yorkshire have seen bigger percentage rises in the numbers of property millionaires over the last 12 months compared with the south which typically dominates each year. However the number of properties valued at more than £1m in the south still outweigh the rest of Britain boosted by wealthy hotspots such as Kensington & Chelsea and Westminster.
'With an improving economy and the ongoing lack of housing supply, this continues to put upward pressure on house prices at all levels of the market and has nudged a whole new raft of properties over the £1m mark. A price tag that was once the exclusive preserve of stately homes or massive mansions is now an increasingly common label for more modest houses, particularly in the capital.'
| Rank | Borough | No. of Property Millionaires (Dec '15) | No. of Property Millionaires (Jan '15) | % Increase in £1M+ Properties (Jan '15 - Dec '15) |
| 1 | Barking & Dagenham | 10 | 3 | 288.00% |
| 2 | Newham | 227 | 121 | 87.90% |
| 3 | Redbridge | 1,771 | 1,136 | 55.90% |
| 4 | Waltham Forest | 1,330 | 854 | 55.70% |
| 5 | Havering | 1,134 | 778 | 45.70% |
| 6 | Hackney | 7,977 | 5,475 | 45.70% |
| 7 | Enfield | 2,658 | 1,831 | 45.20% |
| 8 | Hillingdon | 3,824 | 2,730 | 40.10% |
| 9 | Brent | 6,212 | 4,539 | 36.80% |
| 10 | Harrow | 5,118 | 3,817 | 34.10% |
| Source: Zoopla | ||||
| Rank | Borough | No. of Property Millionaires (Dec '15) | £1M+ Properties as a % of Total | % Increase in £1M+ Properties (Jan '15 - Dec '15) |
| 1 | Westminster | 51,607 | 47% | 0.90% |
| 2 | Kensington and Chelsea | 44,972 | 57% | 0.60% |
| 3 | Camden | 33,902 | 33% | 9.50% |
| 4 | Wandsworth | 30,605 | 24% | 3.60% |
| 5 | Hammersmith & Fulham | 29,396 | 37% | 5.40% |
| 6 | Richmond upon Thames | 21,020 | 27% | 6.10% |
| 7 | Islington | 20,829 | 20% | 9.80% |
| 8 | Barnet | 19,714 | 15% | 8.80% |
| 9 | Lambeth | 15,586 | 12% | 13.00% |
| 10 | Southwark | 14,669 | 11% | 31.80% |
| Source: Zoopla | ||||