Nearly 1,000 new property millionaires have been created in the West Midlands this year, new research shows.
There are 7,306 people with £1 million-plus homes in the region after a rise of 926 during 2015, according to property website Zoopla.
Nationally, the increase equates to more than 200 new property millionaires being created every day, with a total of 622,939.
It means that 2.2 per cent of all home owners have a property worth £1 million or more, Zoopla said.
Zoopla spokesman Lawrence Hall said: "With an improving economy and the ongoing lack of housing supply, this continues to put upward pressure on house prices at all levels of the market and has nudged a whole new raft of properties over the £1 million mark.
"A price tag that was once the exclusive preserve of stately homes or massive mansions is now an increasingly common label for more modest houses, particularly in the capital."
There has been a rise of 14.5 per cent in West Midlands millionaires this year, according to researchers.
Earlier this month Westfield Road, in Edgbaston, was named as Birmingham's most expensive street to buy a home in.
The address commands an average price of £1,254,000 for a property, according to research by Lloyds Bank. The tree-lined road is characterised by its large detached houses, most of them Victorian, sitting behind high hedges and deep driveways, and long lush gardens to the back.
However, the region still punch below its weight when it comes to super-wealth, with just 1.24 per cent of the country's millionaires living in this region.
In London, one in eight properties are now worth more than £1 million, as more modest homes in the capital increasingly come with price tags which were "once the exclusive preserve of stately homes or massive mansions", the website said.
More than eight in 10 (82 per cent) of all Britain's million pound-plus properties are situated in London and the South East.
Looking across the regions, Wales has the fewest million pound properties, at 1,404 in total, while London has the most, at 380,337. Scotland has seen a 4.5 per cent fall in property millionaires over the last year, with the number now standing at 8,893.
Zoopla used data from its own website to make the findings.
Mr Hall added: "It's interesting to see that areas such as the East of England and Yorkshire have seen bigger percentage rises in the numbers of property millionaires over the last 12 months compared with the south, which typically dominates each year.
"However, the number of properties valued at more than £1 million in the south still outweighs the rest of Britain, boosted by wealthy hotspots such as Kensington and Chelsea and Westminster."