Monday, 23rd November 2009

 

5 November 2009 - Press Briefing

Research finds 35% decline in number of UK property millionaires

The number of UK real estate millionaires has plunged from 283,000 in November 2007 to merely 183,000 today, a study by property website Zoopla.co.uk has shown, according to a report in The Daily Telegraph, London.

The research found the North East and Wales regions to have been the two worst hit areas, which suffered a contraction of 83% and 56% respectively in the number of property millionaires.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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