Since 2019, the number of million-pound properties for sale has doubled Which UK regions have experienced the largest increase?

Compared to just under 3% in 2019, just over 5% of properties for sale in Britain are currently valued at more than £1 million

Which regions of the nation have the highest concentration of properties valued at millions of pounds?

Over the past six years, there have been twice as many properties for sale in Britain that are priced at £1 million or more.

Rightmove's analysis reveals that since pre-pandemic levels in 2019, the number of properties priced at £1,000,000 or more has increased by 103%.

The country as a whole, from Cornwall and Somerset through the capital and up to Yorkshire, is experiencing an increase in the cost of expensive homes.

This indicates that, compared to just under 3% in 2019, slightly over 5% of properties for sale are currently priced at more than £1 million.

Some houses will have a lot of bedrooms, large grounds and gardens, and perhaps even an outdoor pool. Others might be in a desirable area, like London or the coast.

The Office for National Statistics (ONS) reports that annual house price growth in the UK has halved, with average prices rising by just 3.5 percent in the year ending in April, coinciding with the surge in seven-figure homes. This came after house prices increased by 7% in the year ending in March 2025.

According to the ONS, the average cost of a UK home is currently 265,000.

According to Rightmoves' most recent House Price Index, between May and the first few weeks of June, new seller asking prices decreased by 0.3 percent.

The million-pound home market is doing well, according to the real estate website, despite a slowdown in home prices.

Rightmoves property expert Colleen Babcock says: "There has been a significant increase in the number of million-pound homes for sale in Great Britain. Not only is London experiencing this, but Cornwall, Uttlesford, and Somerset are also witnessing significant increases in the quantity of high-value properties.

Surrey's Mole Valley stands out because 22% of its available properties are currently valued at millions of pounds. The number of places outside of London where the average price is one million pounds or more has also more than doubled, demonstrating the growing prevalence of the million-pound mark in different places.".

Which regions have seen the largest rise in the number of million-pound properties for sale?

Cornwall has experienced the largest increase in the number of homes for saleone million or morewhen compared to pre-pandemic levels. In just six years, the number of million-pound properties in Cornwall has more than tripled (+246 percent). Somerset comes in third (+226 percent) and Uttlesford in Essex comes in second (+233 percent).

It should come as no surprise that London has more million-pound properties for sale than any other area, with Westminster, Kensington & Chelsea, and Wandsworth at the top of the list.

In the South East's Mole Valley, 22% of available properties are now valued at one million pounds or more, up from 10% in 2019. This area is rapidly developing into a million-pound home market.

In the meantime, the London Borough of Richmond is the most recent neighborhood to see an average asking price of more than one million for the first time. Currently, the average asking price is 1,006,981.

Since 2019, there are now 66 locations outside of London where the average price of a property is £1 million or more, up from just 30.

Refer to Rightmove. The comparison between January and April 2025 and the same period in 2019 was examined.