Welcome to the world of Luxury living in England! This year the luxury market showed its incredible power to carry a nation's housing mark. The prominence of high-end homes priced above £1 million in the London property market. The study examined property listings across different price ranges and found that luxury homes in the £1 million and above category lead in both market activity and buyer demand in the capital. Earlier studies by the same agent revealed that, in the current year, 21.1% of all property sales in London were in the £1 million and above price range, with a total of 3,716 properties sold. The latest research further emphasizes the dominance of this high-value category, not only in buyer interest but also in the available for sale stock in London.
In London, there are approximately 19,116 homes listed at £1 million or higher, constituting 19% of the city's total market stock, the largest among all price categories. A significant 85% of all homes in the UK priced at £1 million or more are located in London. The next closest price category is the £400,000 to £499,999 bracket, representing 16% of the total market, followed by properties priced between £300,000 and £399,999 at 14%. Homes priced below £100,000 are scarce in the capital, making up only 1% of the currently available for sale stock.
