Number of million-pound homes for sale doubles since 2019 – which UK areas have seen biggest increase?

Just over 5% of homes for sale across Britain are now priced at more than £1 million, versus just under 3% in 2019. Which areas of the country boast the most million-pound properties?

House for sale – The Old Rectory, Yielden, Bedfordshire.
(Image credit: Fitzjohn Estates)

The number of homes for sale priced at £1 million or more has doubled across Britain over the past six years.

The volume of properties with a price tag of £1,000,000 or more has soared by 103% since pre-pandemic levels in 2019, analysis by Rightmove shows.

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It means that just over 5% of homes for sale are now priced at over £1 million, versus just under 3% in 2019.

The average UK home now costs £265,000, according to the ONS.

More recently, Rightmove’s latest House Price Index shows that new seller asking prices dropped by 0.3% between May and the first weeks of June.

Colleen Babcock, Rightmove’s property expert, comments: “The surge in million-pound homes for sale across Great Britain is substantial. 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 [in Surrey] 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 £1 million or more has also more than doubled, showing that the million-pound mark is becoming more common in various locations.”

Which areas have seen the biggest increase in million-pound properties for sale?

Compared with before the pandemic, Cornwall has seen the biggest increase in the number of £1 million or more homes for sale. The volume of million-pound properties in Cornwall has more than tripled (+246%) in six years. Uttlesford in Essex is second (+233%) and Somerset is third (+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 that is increasingly becoming a million-pound home market is Mole Valley in the South East, where 22% of homes for sale are now worth £1 million or more, compared with 10% back in 2019.

Meanwhile, the London Borough of Richmond has become the latest area to reach an average asking price of over £1 million for the first time. The average asking price is now £1,006,981.

The number of locations outside of London where the average price of property is £1 million or over has risen from 30 areas to 66 since 2019.

Swipe to scroll horizontally
Biggest increase in number of million-pound properties for sale since 2019

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%

Swipe to scroll horizontally
Biggest increase in proportion of million-pound properties for sale since 2019

Area

Region

Proportion of homes for sale that are a million pounds or more in 2025

Proportion of homes for sale that were a million pounds or more in 2019

Uplift in proportion of million-pound homes

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%

Swipe to scroll horizontally
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

Source: Rightmove. The analysis looked at homes for sale between January and April 2025 compared with the same period in 2019.

Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.


She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.