Posted on Friday, December 17, 2021
- Nearly 20,000 sales have taken place over the past year priced £1 million or more. Over half of these have been outside of the capital, compared to just 41% back in 2018/19.
- High-value areas in desirable locations have seen high levels of activity, the search for space and new hybrid working patterns changing the property landscape.
- 64 areas outside of the capital have seen 50 or more £1 million+ sales over the past year, this compares to just 44 in 2018/19.
- A £1 million+ property outside of the capital is on average 1000 sqft larger, the majority of sales (87%) detached houses. Across the capital two-thirds of sales are either apartments or terraced property. Source: Dataloft, Land Registry, sales in England and Wales year to end September 2021