Number of million-pound homes for sale doubles since 2019
- New analysis shows that the number of homes for sale priced at a million pounds or more has doubled (+103%) across Great Britain over the last six years
- Just over 5% of homes for sale across Great Britain are now priced at over a million pounds, versus just under 3% in 2019
- Cornwall (+246%) has seen the biggest increase in number of million-pound plus properties on the market for sale, followed by Uttlesford (+233%) and Somerset (+226%)
- Unsurprisingly, London has the largest number of million-pound homes for sale of any region, with Westminster, Kensington & Chelsea and Wandsworth topping the list
- The area which is increasingly becoming a million-pound home market is Mole Valley, where 22% of homes for sale are now worth a million pounds or more, compared with 10% back in 2019
- The London Borough of Richmond has become the latest area to reach an average asking price of over a million pounds for the first time:
- The number of locations outside of London where the average price of property is one million pounds or over has more than doubled since pre-pandemic 2019, from 30 areas to 66
A new report on the million-pound homes market from the UK’s biggest property platform Rightmove, reveals that the number of homes for sale priced at one million pounds or more has doubled (+103%) since pre-pandemic levels in 2019.
Just over 5% of Great Britain’s property for sale is now priced at a million pounds or more compared with just under 3% in 2019.
The analysis looked at homes for sale between January and April 2025 compared with the same period in 2019.
Compared with before the pandemic, Cornwall has seen the biggest increase in the number of one-million pound or over homes for sale. The number of million-pound properties in Cornwall has more than tripled (+246%) in six years. Uttlesford is second (+233%) and Somerset is third (+226%).
As expected, London has the largest number of million-pound homes for sale, with Westminster, Kensington & Chelsea and Wandsworth topping the list.
Mole Valley has emerged as the area which is increasingly becoming a million-pound market for buyers. Over a fifth (22%) of homes for sale in Mole Valley are priced at one-million pounds or more, an uplift of 12% in six years.
The London Borough of Richmond has become the latest area to reach an average asking price of over a million pounds for the first time. The average asking price for a home in the Borough of Richmond is now £1,006,981.
Across the thousands of local housing markets on Rightmove, back in 2019, there were 30 areas outside of London with an average asking price of one-million pounds or more. Six years later, that number has more than doubled to 66.
Colleen Babcock, Rightmove’s property expert says: “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.”
Biggest increase in volume of million-pound properties for sale
| Area | Region | % increase in million-pound homes for sale |
| Cornwall | South West | +246% |
| Uttlesford | East of England | +233% |
| Somerset | South West | +226% |
| North Yorkshire | Yorkshire and The Humber | +210% |
| Wealden | South East | +201% |
| Wiltshire | South West | +193% |
| Test Valley | South East | +188% |
| Chelmsford | South East | +188% |
| Tunbridge Wells | South East | +183% |
| East Hampshire | South East | +177% |
Biggest increase in proportion of million-pound properties for sale
| Area | Region | Proportion of homes for sale that are a million pounds in 2025 | Proportion of homes for sale that were a million pounds in 2019 | Uplift in proportion of million-pound homes 2025 vs 2019 |
| Mole Valley | South East | 22% | 10% | +12% |
| Waverley | South East | 22% | 11% | +11% |
| Windsor and Maidenhead | South East | 23% | 13% | +10% |
| St Albans | East of England | 18% | 9% | +9% |
| Richmond upon Thames | London | 33% | 24% | +9% |
| Tunbridge Wells | South East | 15% | 7% | +8% |
| Elmbridge | South East | 33% | 25% | +8% |
| Cotswold | South West | 14% | 6% | +8% |
| Three Rivers | East of England | 21% | 13% | +8% |
| Buckinghamshire | South East | 16% | 8% | +8% |
Areas with largest number of million-pound properties for sale
| 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 |
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