The Million Pound Market

Posted on: 12 August 2019

THE MILLION POUND MARKET

There were 14,794 homes sold across England and Wales in the past 12 months priced at £1 million or more. This equates to just 1.7% of all sales and just under £26 billion in value.

As in previous years, the tally of properties selling at or above the £1 million threshold was greatest in London, where over half (59%) of all £1m+ homes sold in the past year. This represents 1 in every 10 property sales.

London’s share of the £1m+ market has diminished over time though, as prices in other regions have increased. Back in 2013, London boasted 69% of all £1m+ sales. Since then, the share of the prime market has increased in every other region of England and Wales.

In the even higher echelons of the market, there were 2,860 homes sold for £2 million or more, and 379 sales for £5 million or more, in the past 12 months.

In the Ruislip area, there are currently 9 properties listed on Rightmove over £1 million, 2 are sold, 2 under offer and 4 available.  Lawrence Rand has one of these properties, a charming Grade II listed detached four bedroom cottage situated on a generous plot in a highly desirable location close to some of the area’s most sought after schools. Check out the details HERE.  

Share:


Recent Articles

12 August 2019

The Million Pound Market

There were 14,794 homes sold across England and Wales in the past 12 months priced at £1 million or more. This equates to just 1.7% of all sales and just under £26 billion in value. As in previous years, the tally of properties selling at or above the £1 million threshold...

5 August 2019

List Your Rental Property

Great news for Landlords! The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that, over the last three years, on average 22% of each year’s tenancies have begun during August and September. We estimate that this...

29 July 2019

Traditional Estate Agents Found To Be "Good Value For Money"

With recent changes to the landscape of estate agency, including online-only providers and new fee structures, it may come as a surprise to some to see that traditional estate agents are considered good value with regards to fees and value-for-money, estate agent comparison site GetAgent has...

semi circle instant online valuation

Get an instant online valuation

Find out how much your property is worth