The UK hotspots for £1million homes revealedBeaconsfield has most of £1m plus properties
19 September 2011
If you live in Beaconsfield in Buckinghamshire, you're in rich company – 46% of homes there are currently on sale for £1 million or more, according to new research from Primelocation.com.
Virginia Water in Surrey and Much Hadham in Hertfordshire round out the top three, with 44% and 38% respectively. These wealthy areas on the outskirts of London outstrip the capital, in which 13% of properties are up for £1 million and over.
This comes as the Liberal Democrats become increasingly vocal about introducing a ‘mansion tax’ on the sale of highly valued properties.
Properties in Surrey have greatest value
Surrey leads the way, with 24% of the 'millionaire rows' researched by Primelocation.com landing in the county.
Nigel Lewis at PrimeLocation.com said that despite the recession 'the capital's commuter towns continue to be hotspots for million pound homes and the surprise is just how high the proportions are within many of them.
'The common thread that links all of the towns on this list is that they manage to combine the best of both worlds, offering a spacious, quiet environment while still being an easy commute to a major city.'
Despite the high figures around the south of England, the property value boom is not widespread. Just 3.5% of houses for sale across the country are up for sale for £1 million or more.