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

 

 

ENDS

Notes to editors:

• Analysis of the growth in number and proportion of million-pound homes is based on homes for sale between January & April 2025 versus the same period in 2019, and based on local authorities
• Analysis of areas with an average asking price of one million pounds or more, is based on properties for sale in local areas with an asking price on Rightmove of one million pounds or more between January & April 2025 versus the same period in 2019. Included areas must have had at least 10 or more homes for sale during the time period

 

About Rightmove

• Rightmove has the UK’s largest selection of properties for sale and to rent, adds more listings than anyone else, and over 80% of all time spent on property portals is on Rightmove.
• Rightmove’s vision is to give everyone the belief that they can make their move by giving people the best place to turn and return to for access to tools and expertise to make it happen.
• People can search Rightmove for residential resale, new homes, rentals, commercial property and overseas properties and use tools and information including getting a Mortgage in Principle, checking local sold prices, property valuations, market trends, maps and schools.
• Customers include the following key groups: estate agents, letting agents, new homes developers, rental operators, commercial property operators, overseas property agents and financial services operators
• Using the UK’s largest housing datasets, we issue a number of regular reports to track housing market indicators: our monthly House Price Index (established 2002), quarterly Rental Trends Tracker (established 2015), weekly Mortgage Rates Tracker (established 2023) and quarterly Commercial Insights Tracker (established 2024). Historical data is available on request
• Founded in 2000, Rightmove listed on the London Stock Exchange in 2006 and is a member of the FTSE 100 index.
• For more information, please visit rightmove.co.uk/claims