Real estate agents in the UK are currently reporting that it’s possible to sell a home for more than $10 million.
That means that the median price of a home sold in the country this year is $10.1 million, according to the Real Estate Board of Greater London (REBOLL).
The median sale price of all houses sold this year was $8.3 million, with a median price tag of $9.5 million.
The median sale sale price for a single family home in the capital was $1.5m.
According to REBOLL, this is the first time that the sale of a house has topped $10m.
However, the median sale prices for the three major UK cities are still much lower than the UK average, with the average house in London sitting at just $2.2 million.
In the US, the average sale price is $847,400, according an analysis by the Real Capital Analytics (RCA) of median home values in the US.
The average price of new homes sold in London this year sits at $931,400.
It is slightly above the average $939,200 in New York City, where the median home price is just over $1 million.
The median price in Melbourne, the city with the second-highest median home value, is $1,087,100.
The city has a median home sale price that is just under $2 million, however.
The report also found that a median sale value of $3.1m is still far below the national average of $7.6m, with most of the country’s metro areas above the $2-million mark.
There are a number of reasons why the median house sale prices are so low.
For one, the UK has been on a property bubble that has reached record highs, with new homes sales exceeding 10 times the national median.
There has also been a massive growth in the number of properties being sold for more, and as a result, there is a higher demand for property.
“In the past few years, property prices have increased by a staggering 2,500% in just a few years,” ReBOLL chief economist Ben Henshaw said.
“This means that many buyers are able to buy homes at record high prices.”
However, he added that this could change, as buyers are more cautious.
“The market has shown signs of a real estate bubble in recent years and it could slow down,” he said.
According the report, the most recent data from REBOll showed that median house sales prices in the United Kingdom were $6,878,100, while they were $3,737,100 in the USA.
The next highest median price was $2,826,100 at the same time.
In contrast, the next highest sale price was just $1m in Australia, while the next lowest price was a little over $800,000.
The biggest growth in home sales in recent times has been in London, which has seen a 20% increase in median home prices since 2007.
The UK home market has seen record levels of demand since 2007 when it hit record levels.
The REBOOL report says that demand for homes in London and across the UK is on a massive scale, with house prices increasing by 15% and median house prices rising by a whopping 26% since 2007, with some of this growth driven by the “London miracle”.
“The growth in demand for new homes in the Greater London region is the strongest it has been since 2007 and has seen house prices rise by more than 200% since 2010,” Henshaw said.
The real estate market in the Midlands, the capital of England’s north-west, is also seeing record levels and is expected to be the largest market in England by the end of this decade.
The market is already set to overtake the UK’s second largest market, the south-east, and the market for homes is expected continue to grow.