The latest research by eXp Luxury, the global platform for luxury real estate sales, has revealed that Bath, Brighton and Edinbrugh are the nation’s luxury property market hotspot outside of London, with the highest proportion of for sale stock listed at £2 million or more.
To coincide with the launch of eXp Luxury, eXp analysed current market for sale stock across 15 major British cities, looking at how many homes are currently on the market with the luxury price tag of £2 million or more and which cities are home to the highest proportion of this stock.
The research shows that across Britain as a whole there are some 9,377 homes listed for £2 million or more in the current market, equating to just 2% of all homes listed for sale today.
London is predictably home to the highest proportion of luxury property market for sale stock with 5,660 homes listed for sale at £2 million or more – equating to 8.6% of the capital’s total for sale stock.
BATH IS LUXURY HOTSPOT
However, it’s Bath that ranks as the nation’s luxury property hotspot outside of the capital, where 3.1% of all homes listed for sale boast a price tag of £2 million or more.
Brighton ranks second, with 1.3% of all homes currently listed for sale commanding an asking price of £2m or above.
At 0.8%, Edinburgh tops the table with the highest proportion of luxury listings in Scotland and fourth highest of all cities analysed by eXp Luxury.
Leeds completes the top five with 0.6% of all homes listed for sale commanding £2m or more.
eXp LUXURY
Adam Day, Head of eXp UK, says: “London remains by far the most dominant market when it comes to the volume of homes listed for sale commanding a price tag of £2 million or more.
“But that’s not to say that the luxury market is refined to London alone and, in fact, there are a number of other cities up and down the nation that boast a healthy level of high-end stock.
“With the launch of eXp Luxury, we wanted to enable our agents to showcase the very best homes that their respective regions have to offer, with a product tailored to the requirements of high-end property sales, whilst providing them with a platform to advertise them to a global audience.”
