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The Number Of £1M Properties On The Market Is On The Rise

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http://uk.finance.yahoo.com/news/The-most-expensive-homes-yahoofinanceuk-4005104130.html

'The number of £1m properties on the market is on the rise, according to a new study.

Investec Bank found that in the second quarter, 21,319 residential properties of this value were listed for sale, up 8% on the first quarter of the year, and 10% up on the same level at this stage last year.

Two areas which saw huge growth in the number of high value properties hitting the market were Kent and Hampshire, each of which saw a jump of a whopping 42%!

Let's see how the ten regions with the most £1m+ properties compare:

Area Number of £1m+ properties on market in Q2 2011 Number of £1m+ properties on market in Q2 2010 % change Current combined value of these properties

Greater London 9,497 9,587 -1% £26.49bn

Surrey 2,242 2,104 7% £4.68bn

Hertfordshire 967 744 30% £1.79bn

Kent 908 641 42% £1.6bn

Essex 689 504 37% £1.12bn

Buckinghamshir 581 444 31% £1.02bn

Hampshire 512 361 42% £956.57m

Middlesex 464 424 2.4% £792.17m

Berkshire 458 408 12% £896.62m

West Sussex 357 291 23% £635.95m

So only London has seen a fall in its multi-million pound properties, though it still accounts for the vast majority of high roller homes. And it will no doubt come as no surprise that the list is dominated by the south, and particularly the south east.

Now, let's take a look at some of the most expensive homes currently on the market — and why they command such astronomical prices.'

do bears like a bit of inventory build up or what?wonder why kent and hampshire are selling off and middlesex isn't?

More city accumulated wealth in Kent/Hampshire whereas Middlesex is older money?

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http://uk.finance.yahoo.com/news/The-most-expensive-homes-yahoofinanceuk-4005104130.html

'The number of £1m properties on the market is on the rise, according to a new study.

Investec Bank found that in the second quarter, 21,319 residential properties of this value were listed for sale, up 8% on the first quarter of the year, and 10% up on the same level at this stage last year.

Two areas which saw huge growth in the number of high value properties hitting the market were Kent and Hampshire, each of which saw a jump of a whopping 42%!

Let's see how the ten regions with the most £1m+ properties compare:

Area Number of £1m+ properties on market in Q2 2011 Number of £1m+ properties on market in Q2 2010 % change Current combined value of these properties

Greater London 9,497 9,587 -1% £26.49bn

Surrey 2,242 2,104 7% £4.68bn

Hertfordshire 967 744 30% £1.79bn

Kent 908 641 42% £1.6bn

Essex 689 504 37% £1.12bn

Buckinghamshir 581 444 31% £1.02bn

Hampshire 512 361 42% £956.57m

Middlesex 464 424 2.4% £792.17m

Berkshire 458 408 12% £896.62m

West Sussex 357 291 23% £635.95m

So only London has seen a fall in its multi-million pound properties, though it still accounts for the vast majority of high roller homes. And it will no doubt come as no surprise that the list is dominated by the south, and particularly the south east.

Now, let's take a look at some of the most expensive homes currently on the market — and why they command such astronomical prices.'

do bears like a bit of inventory build up or what?wonder why kent and hampshire are selling off and middlesex isn't?

Try doing the Maths again. Bit more than 2.4%.

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I think the number of all houses for sale is on the rise. This is a non-story.

Both relatively far out commuter-ville esp. Hampshire.

Obviously people who have been putting the expected increase train fairs into excel over the last couple of weeks.

At least 5% increase over the next 5 years.

This years 10%

Ouch.

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I think it is all about confidence in the market.....people hold onto £1m + properties when they think prices will hold like London areas........when much of your cash is wrapped up in property in places where few would buy unless they thought it would hold its value is not a good idea.....anyway bigger is now not better and older people are looking for something more manageable and require their equity to live on because interest, dividends and pensions are not paying a living investment....holding an expensive house only depletes net worth further. ;)

Edited by winkie

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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