This year has seen the number of property millionaires rise by 26,744.
According to online valuation service Zoopla.co.uk, luxury properties have continued to rise in value and there are now more people owning homes worth £1 million or more than ever.
The rise means that effectively 73 new property millionaires have been created each day in 2011.
In total there are now 253,118 homes valued at more than £1 million in the UK and the largest rise property millionaires came in London, where the number grew by 18 per cent over the past 12 months.
London is also where nine of the top ten millionaire districts in Britain are located. Kensington has the highest proportion with 56 per cent of all homes being worth more than £1 million.
Nick Leeming of Zoopla.co.uk said: "This data shows clearly how differently the top end of the market is performing from mainstream Britain."
The Knight Frank Prime London Sales Index showed that prime London property rose in value by 13 per cent in 2011.
London Property Market News
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