{"id":131469,"date":"2025-05-25T20:01:25","date_gmt":"2025-05-25T20:01:25","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/131469\/"},"modified":"2025-05-25T20:01:25","modified_gmt":"2025-05-25T20:01:25","slug":"the-uk-neighbourhood-so-posh-93-of-homes-cost-over-1m-uk-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/131469\/","title":{"rendered":"The UK neighbourhood ‘so posh’ 93% of homes cost over \u00a31m | UK | News"},"content":{"rendered":"

A significant number of homes in London’s prime neighbourhoods<\/a> are priced at \u00a31 million or more, according to new research. London lettings and estate agent, Benham and Reeves<\/a> analysed sale stock levels across 28 areas in the capital’s affluent areas<\/a> to find out what proportions of properties entering the market over the last 30 days hit a price tag of \u00a31 million and above.<\/p>\n

Nearly half (43%) of the 4,708 houses that have been listed across the prime London market within the last month cost \u00a31 million or more, according to the findings. However, their research also revealed a specific neighbourhood where the proportion of million pound properties<\/a> surges right up to 93%, making it the area which has seen the biggest influx of homes costing from \u00a31 million and above.<\/p>\n

Mayfair<\/a>, an area renowned for its luxury and exclusivity, is home to where the property market is seeing more homes hit those huge prices.<\/p>\n

The affluent region boats high-end shopping experiences, upscale dining, and remarkable hotels, as well as a sophisticated and private social scene – plenty of features that would draw in wealthy buyers.<\/p>\n

However, the West End neighbourhood is not the only with a vast number of expensive houses.<\/p>\n

Just under two miles away, in Knightsbridge, 90% of the houses listed in the last month have an asking price of over \u00a31 million. Barnes, Belgravia, and Fitzrovia also rank highly, all with over 70% of homes listed at the high price.<\/p>\n

Marc von Grundheer, director of Benham and Reeves, said: “The high end London market may have been more muted with respect to the rate of property price appreciation being seen. However, that’s not to say that there isn’t a great deal of market actvity.<\/p>\n

“In fact, a considerable number of sellers have entered the market already this year and a high proportion of these homes are commanding \u00a31 million or more.<\/p>\n

“As the year progresses and this initial activity translates into completed sales, we should see a far more stable outlook with respect to high end London house price performance.”<\/p>\n","protected":false},"excerpt":{"rendered":"A significant number of homes in London’s prime neighbourhoods are priced at \u00a31 million or more, according to…\n","protected":false},"author":2,"featured_media":131470,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[57954,748,393,4884,1269,57953,57959,257,57957,49743,57956,43507,354,57958,57960,57955,2516,16,15],"class_list":{"0":"post-131469","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-affluent-areas","9":"tag-britain","10":"tag-england","11":"tag-great-britain","12":"tag-house-prices","13":"tag-knightsbridge","14":"tag-knightsbridge-property-market","15":"tag-london","16":"tag-london-neighbours","17":"tag-london-property-market","18":"tag-london-rich-areas","19":"tag-luxury-homes","20":"tag-mayfair","21":"tag-mayfair-property-market","22":"tag-million-pound-homes","23":"tag-prime-neighbourhoods","24":"tag-property","25":"tag-uk","26":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114570257104764033","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/131469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=131469"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/131469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/131470"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=131469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=131469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=131469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}