The number of million-pound homes for sale in the UK has doubled since 2019, with over 5% of all properties now priced at £1 million or more, according to new research from Rightmove.
The property market has shown remarkable resilience despite economic pressures including the cost-of-living crisis, Covid pandemic, and geopolitical impacts. Analysis comparing January-April 2025 data with the same period in 2019 reveals significant growth in luxury property availability across Great Britain.
London leads, but regional growth dominates
While London maintains the largest number of million-pound properties, Cornwall has experienced the sharpest increase with a staggering 246% rise in luxury homes for sale.
Top 10 areas: biggest increase in million-pound properties
Rank | Area | Region | Percentage Increase |
1 | Cornwall | South-West | +246% |
2 | Uttlesford | East of England | +233% |
3 | Somerset | South-West | +226% |
4 | North Yorkshire | Yorkshire and The Humber | +210% |
5 | Wealden | South-East | +201% |
6 | Wiltshire | South-West | +193% |
7 | Test Valley | South-East | +188% |
8 | Chelmsford | South-East | +188% |
9 | Tunbridge Wells | South-East | +183% |
10 | East Hampshire | South | +177% |
Source: Rightmove
The proportion of million-pound properties has increased significantly across key areas:
Rank | Area | Region | 2025 Proportion | 2019 Proportion | Growth |
1 | Mole Valley | South-East | 22% | 10% | +12% |
2 | Waverley | South-East | 22% | 11% | +11% |
3 | Windsor and Maidenhead | South-East | 23% | 13% | +10% |
4= | St. Albans | South-East | 18% | 9% | +9% |
5 | Richmond-upon-Thames | London | 33% | 24% | +9% |
6 | Tunbridge Wells | South-East | 15% | 7% | +8% |
7 | Elmbridge | South-East | 33% | 25% | +8% |
8 | Cotswolds | South-West | 14% | 6% | +8% |
9 | Three Rivers | East of England | 21% | 13% | +8% |
10 | Buckinghamshire | South-East | 16% | 8% | +8% |
Source: Rightmove
Areas with highest concentration of luxury properties
London boroughs dominate the list of areas with the largest proportion of million-pound homes:
Rank | Area | Region |
1 | Westminster | London |
2 | Kensington and Chelsea | London |
3 | Wandsworth | London |
4 | Buckinghamshire | South-East |
5 | Camden | London |
6 | Hammersmith and Fulham | London |
7 | Barnet | London |
8 | Richmond-upon-Thames | London |
9 | Elmbridge | South-East |
10 | Lambeth | London |
Source: Rightmove
Expert Analysis
Colleen Babcock, Rightmove's property expert, explains the significance:
The surge in million-pound homes for sale across Great Britain is substantial. Since 2019, we've seen the number of million-pound homes for sale double, with over 5% of the market now priced at a million pounds or more.
"This isn't just happening in London; places like Cornwall, Uttlesford, and Somerset are also seeing big jumps in the number of high-value properties. Mole Valley is a standout, with 22% of its homes for sale now in the million-pound bracket.
"The number of areas outside of London where the average price is a million pounds or more has also more than doubled, showing that the million-pound mark is becoming more common in various locations.
What this means for property buyers
Even if your budget doesn't extend to million-pound properties, this analysis provides valuable insights into general housing market trends in these high-value areas. Understanding these patterns can help inform decisions about:
- Property investment opportunities in emerging luxury markets
- Affordability assessments in areas experiencing rapid price growth
- Market timing for both buyers and sellers
- Regional trends that may impact neighboring areas
Many people dream about luxury purchases - lavish holidays, new cars, bigger homes with multiple bedrooms, swimming pools, and acres of land. While lottery wins and unexpected inheritances remain fantasies for most, the doubling of million-pound properties shows that luxury home ownership is becoming more accessible across diverse UK regions.
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