More £1m+ properties are being sold across the UK

 

Thanks to house prices increasing across England and Wales a new study has now found that more houses with a value of £1m+ are being sold, not only in London but also outside of the capital.

Mortgage broker Private Finance analysed data from the Land Registry and found that the number of property transactions for homes worth £1m+ has increased by 119% between 2011 and 2016 in England and Wales.

https://www.buyassociation.co.uk/2017/05/30/london-still-global-home-multi-millionaires/

Hertfordshire, Surrey, Kent and Essex have seen the biggest increase in big budget home sales and forecasts revealed that 50% of property sales valued at £1 million or more will happen outside of London in 2017.

The study came as a surprise as the top end of the market experienced a bit of a cool down after changes were made to stamp duty regulations during 2014 and 2016. However, due to ever increasing house prices sales transactions for properties worth £1m+ still rose by 10% between 2015 and 2016.

The fact that more £1m homes were sold in Hertfordshire, Kent, Essex and Surrey underlines figures showing a fast house prices growth in areas such as the South West, England’s East, the South East, East Midlands and Yorkshire and the Humber than London.

https://www.buyassociation.co.uk/2016/11/10/million-pounds-away-home-prime-property-sales-outperform-rest-uks-housing-market/

And with prices continuing to grow in London, families are now often unable to afford a home in the capital. This leads them to look further and branch out slightly. As a result areas such as Kent and Essex are becoming more attractive, especially considering they’re still commutable to the big smoke.

Shaun Church is the director at Private Finance and commented the company’s study:

“Buying a million pound plus property is a significant financial commitment, and with increasing numbers of buyers falling into this category, borrowers may need to look to private banks and brokers to ensure they are able to access appropriate mortgage finance.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

More £1m+ properties are being sold across the UK

More £1m+ properties are being sold across the UK

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.