Millionaires feeling the pinch?

Sarah Coles
Britain's priciest street
Britain's priciest street

Fiona Hanson/PA Archive/Press Association Images

Sales of million-pound properties dropped in 2011, the first fall in two years. The total number of properties worth over a million which sold last year was just 6,911 - a 5% fall on the figures in 2010.

So are we finally seeing the culmination of David Cameron's promise that we are all in it together and we will all be feeling the pain? Are millionaires feeling the pinch too?