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Booming housing market creates 36,000 millionaires in a year

Britain’s booming pandemic housing market created 36,000 new millionaires last year, as sellers cashed in on rocketing sale prices.

The country now boasts 609,000 high-net-worth individuals, an increase of 6.3pc in 2021, according to consulting company Capgemini’s annual study of the world’s rich.

The UK has the sixth most millionaire investors, according to Capgemini. The US tops the list, with almost 7.5m displaying wealth on this scale, followed by Japan with 3.7m.

Germany is third with 1.6m, maintaining its lead over the UK with a 6.4pc increase in its number of rich inhabitants. Rounding out the top five is China, with 1.5m and France, which rose 8.5pc to pull ahead of Britain with a total of 775m millionaires.

Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

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