The quantity of £1m homes in Great Britain has elevated by 103% since 2019, a report has discovered.
According to a report from Rightmove, round 5% of homes on the market throughout Great Britain are priced at £1m or more, a rise from just below 3% in 2019.
The evaluation checked out homes on the market between January and April 2025 in comparison with the identical interval in 2019.
Looking at home costs from a regional perspective, Cornwall has seen the most important improve within the quantity of million-pound homes on the market, with a 246% improve over the interval.
Uttlesford got here second with a 233% improve and Somerset got here third with a 226% rise over the interval.
From a proportion perspective, the Mole Valley within the South East has seen the proportion of homes on the market which can be £1m rise from 10% to 22% from 2019 to 2025.
Sponsored
Your Mortgage Awards 2024/25: winners revealed
Sponsored by Your Mortgage Awards
Waverley within the South East has seen an analogous improve from 11% to 22%, whereas Windsor and Maidenhead has gone from 13% to 23% over the interval.
Westminster topped the chart as the realm with the most important quantity of £1m properties on the market, adopted by Kensington and Chelsea and Wandsworth.
While London boroughs made up eight out of 10 of the areas with the most important quantity of million-pound properties on the market, Buckinghamshire ranked fourth and Elmbridge took ninth place.
Colleen Babcock, Rightmove’s property skilled, stated: “The surge in million-pound homes on the market throughout Great Britain is substantial. Since 2019, we’ve seen the quantity of million-pound homes on the market double, with over 5% of the market now priced at 1,000,000 kilos or more. This isn’t simply occurring in London; locations like Cornwall, Uttlesford, and Somerset are additionally seeing huge jumps within the quantity of high-value properties.
“Mole Valley is a standout, with 22% of its homes on the market now within the million-pound bracket. The quantity of areas outdoors of London the place the typical worth is 1,000,000 kilos or more has additionally more than doubled, displaying that the million-pound mark is changing into more widespread in varied areas.”
