There were 6,143 million pound property sales in Great Britain in the first half of 2014.

This is equivalent to 33 transactions per day, representing a 46% increase compared to the same period in 2013 when sales totalled 4,198.

All regions have recorded an increase in sales. The largest percentage rise in million pound home sales were in the North East (150%), West Midlands (100%), South West (87%) and the East Midlands (80%).

In the two regions with the largest concentration of million pound sales – London and the South East – transactions rose by 47% and 41% respectively.

Sarah Deaves, pivate banking director at Lloyds Bank, said: “Property values in prime locations have been boosted by growing demand from wealthy, and often cash rich, buyers from the UK and overseas, as well as limited supply of such properties.

“Although demand has grown across all regions of Britain in 2014, the greatest concentration is in London – particularly the boroughs of Kensington & Chelsea and Westminster.”

Seven out of ten (70% or 4,259) of all million pound home sales in Britain during the first half of 2014 were in London. The capital is followed by the South East with a share of 16% (1,096) and the East of England (6% or 109).