Over one-seventh of homes for sale in Britain currently fetch a price of over one million pounds, with the figure having doubled in the past six years.
🔥 High-Priced Homes Galore: Million-Pound Homes Skyrocket Across Britain!
It's no secret that the property market in Britain has been heating up, and now, one out of every 20 homes up for sale is priced at an eye-popping £1 million or more! According to Rightmove, this trend has more than doubled in just six short years. 💸🏡
During the January to April 2025 period alone, there was a staggering 103% increase in homes selling for at least seven figures compared to the same period in 2019. This means that more than 5% of properties on the market now sport a million-pound price tag, up from just under 3% six years ago. 🚀🏡
So, where are these expensive homes popping up? Well, while London still holds a large share of the million-plus homes, the real growth is happening outside the bustling city. Places like Cornwall, Uttlesford, and Somerset have seen remarkable jumps in the number of high-value properties for sale. 🌊 Reddit 🌅
Cornwall, in particular, has experienced a triple increase in million-pound properties relative to pre-pandemic times. Why? Simple: the pandemic's 'race for space' has pushed people towards beautiful seaside locations and rural settings—places where the increasing demand leads to higher prices.
Other commuter belt areas with some seriously pricey residences include St Albans, Windsor, Maidenhead, Three Rivers, and Waverley, with approximately one in every five homes on sale sporting a seven-figure price tag. 🔑 Reddit :house_with_garden
Interested in learning more about house prices and trends? Check out our First Time Buyer Guide newsletter, and don't forget to peruse our latest articles like the one about the beauty queen winning a luxury £6m mansion in a £10 raffle and the shoppers racing to Lidl for a fan 'just as good as Dyson' at a fraction of the cost! 💡💻🎉
Sources:[1] Rightmove Press Release[2] OnTheMarket[3] Homesrush[4] Land Registry[5] Bank of England
Investors eyeing the housing-market may find prime opportunities in emerging areas outside London, such as Cornwall, Uttlesford, and Somerset, which have seen a significant rise in high-end properties due to the pandemic's influence on work-from-home trends and the 'race for space'. For those keen on staying informed about real-estate and finance, our First Time Buyer Guide newsletter offers valuable insights on house prices and trends.
