One in every 20 homes for sale in Britain is now priced at more than £1million as number doubles in six years
ONE in every 20 homes for sale in Britain is now priced at more than £1million, figures suggest.
Property website Rightmove said that the number has doubled in six years.
It recorded 103 per cent more homes above the threshold between January and April 2025, than in the same period in 2019.
It means more than five per cent of properties are at least £1million, compared with less than three per cent six years ago.
In London's commuter belt areas, such as St Albans, Windsor and Maidenhead, Three Rivers and Waverley, about one in every five homes for sale now has a price tag of at least seven figures.
Cornwall has had the biggest increase in its numbers, with the pandemic rush for seaside space fuelling demand.
And, while London still has the highest concentration of £1million-plus homes, all the areas with the biggest increase in numbers are outside the capital.
Toby Leek, from the National Association of Estate Agents, said: 'Buyers want varying characteristics and locations, making rural, seaside and picturesque areas more appealing.'
Property expert Colleen Babcock said: "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 is a standout, with 22% of its homes for sale now in the million-pound bracket."
We lived in one of the UK's most expensive seaside towns but house prices were mental - so we saved £293k by packing up and moving abroad
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