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Search by leading mortgage broker for high net values ​​globally, Enness Global Mortgages, revealed which areas of the property market are seeing the biggest purchases outside of London.
Enness analyzed property transactions of £ 3million and over across England over the past year and found that 886 houses had been sold in the main market with an average sale price of just under of £ 4 million.
London accounted for 78% of these high-end deals, however, the South East (15%), South West (3%), East of England (2%), North West (1%) ) and the West Midlands (0.2%) also saw a number of homes selling for £ 3million or more.
Outside of London, Elmbridge ranks as the nation’s leading real estate hotspot with 31 homes sold last year. Buckinghamshire also saw the number of high-end houses trading hands in double digits (14), as did Windsor and Maidenhead (11).
Runnymede (9) and Bournemouth, Christchurch and Poole (9) also ranked top in chic property sales, along with Waverley (8), Chichester (7), Cornwall (6) and South Oxfordshire (6).
The rest of the top 15 included Sevenoaks, Oxford, St Albans, Hertsmere, Cheshire East and the New Forest, all of which have seen five homes sell for £ 3million or more in the past 12 months.
Teignbridge had the highest selling price outside London at £ 6.2million, with Stratford-on-Avon also breaking the £ 6million mark (£ 6.15million).
CEO of Enness Global Mortgages, Islay Robinson, said: “With so much talk about London’s main market, you could be forgiven for forgetting that a lot of houses change hands for huge sums outside the capital.
“We’ve seen foreclosure spur an increase in buyer demand for larger homes with more outdoor space and it’s no different in the high end, with high end home buyers also keen to improve the potential for pandemic ownership.
“While the higher price of real estate means that this high-end business has been largely concentrated in the south, the Northwest has undoubtedly consolidated its place as the main real estate hotspot of the North. .
| The table shows the number of transactions and the median market selling price of over £ 3million | |||
| Location | Number – transactions | % of all transactions | Median selling price |
| England | 886 | N / A | £ 3,999,975 |
| London | 692 | 78% | £ 4,050,000 |
| South East | 136 | 15% | £ 3,750,000 |
| South West | 30 | 3% | £ 3,500,000 |
| East of England | 18 | 2% | £ 3,727,500 |
| North West | 8 | 1% | £ 3,418,100 |
| West Midlands | 2 | 0.2% | £ 4,800,000 |
| Data taken from land registry price paid records for major property purchases made between March 2020 and February 2021 (latest data available). Excludes properties listed by type as “other”. | |||
| Table shows the 15 highest transaction levels at £ 3million and above | ||
| Location | Number – transactions | Median selling price |
| ELMBRIDGE | 31 | £ 3,800,000 |
| BUCKINGHAMSHIRE | 14 | £ 3,712,500 |
| WINDSOR AND MAIDENHEAD | 11 | £ 3,750,000 |
| RUNNYMEDE | 9 | £ 5,605,000 |
| BOURNEMOUTH, CHRISTCHURCH AND POOLE | 9 | £ 3,500,000 |
| WAVERLEY | 8 | £ 3,555,000 |
| CHICHESTER | 7 | £ 3,675,000 |
| CORNWALL | 6 | £ 3,300,000 |
| SOUTH OXFORDSHIRE | 6 | £ 3,675,000 |
| SEVENOAKS | 5 | £ 3,390,000 |
| OXFORD | 5 | £ 3,650,000 |
| ST ALBANS | 5 | £ 3,830,000 |
| HERTSMERE | 5 | £ 3,800,000 |
| CHESHIRE EAST | 5 | £ 3,386,200 |
| NEW FOREST | 5 | £ 5,000,000 |
| Data taken from land registry price paid records for major property purchases made between March 2020 and February 2021 (latest data available). Excludes properties listed by type as “other”. | ||
| Table shows the 15 highest average selling prices at £ 3million and above | ||
| Location | Number – transactions | Median selling price |
| TEIGNBRIDGE | 1 | £ 6,200,000 |
| STRATFORD-SUR-AVON | 1 | £ 6,150,000 |
| RUNNYMEDE | 9 | £ 5,605,000 |
| COTSWOLD | 2 | £ 5,400,000 |
| NEW FOREST | 5 | £ 5,000,000 |
| WILTSHIRE | 2 | £ 4,997,850 |
| SOUTHERN HAMS | 2 | £ 4,632,000 |
| EPPING FOREST | 1 | £ 4,500,000 |
| HORSHAM | 3 | £ 4,375,000 |
| CHERWELL | 1 | £ 4,250,000 |
| DEER | 2 | £ 4,201,800 |
| WINCHESTER | 4 | £ 3,950,000 |
| MOLE VALLEY | 2 | £ 3,900,000 |
| STROUD | 1 | £ 3,850,000 |
| ST ALBANS | 5 | £ 3,830,000 |
| Data taken from land registry price paid records for major property purchases made between March 2020 and February 2021 (latest data available). Excludes properties listed by type as “other”. | ||
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