I think you will find that any house from the 1300s in the UK is in the millionaire price bracket unless it is absolutely tiny. There weren’t many built and most that were built were made of materials that didn’t last very long.
Housing in the UK costs roughly twice to three times what similar housing would in the US. So most of the newly built homes are tiny. But that is the same in silicon valley and the prices there are stratospheric. A million buys practically nothing in Mountain View. Which is the reason I live on the other coast. It certainly isn’t the Boston winters that keep me here.
Google has tried to diversify out of the valley but it is really hard because that is where a lot of the startups happen. And any company that acquires other companies tends to acquire them in the valley.
Land is a finite commodity and when demand goes up so do the prices.
