Homes costing over £1million are 10% higher than last year.

According to Investec Specialist Private Bank, there were 21,319 properties priced at the million plus mark in the first three months of this year, totalling some £48 billion.

And the second quarter of 2011 saw a jump in available such homes of 10% over and above the same period in 2010.

Almost half of the millionaire property market is in London where the market is buoyant in comparison to the rest of the UK.

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