High-end estate agency Savills is set to redraw its map of 'prime' UK as a result of the growth of £1m-plus homes in areas where they were previously scarce or absent.
Its analysis of Land Registry data shows that there were some 18,000 £1m--plus sales in 2014 with, predictably, the vast majority in London and the south east of England.
But the agency says many areas outside of historically-high value house price locations will see many more seven figure price tags in the future.
Within five years £1m-plus sales will triple in the likes of Surrey Heath and Aylesbury Vale, and almost as large an increase in Epsom, Ewell and even Croydon. There are clusters in Gerrard's Cross, Harpenden, Romford, Tunbridge Wells, Reigate and Henley on Thames.
However, outside of the south east £1m-plus homes will proliferate as soon as 2020 in the likes of the New Forest, Bristol, Cheltenham, Harrogate and Edinburgh - and even places like Chelmsford in Essex.
"Some of this is down to rising prices" says Savills' research associate director Sophie Chick, "but a lot of it is because there are new prime areas of the UK."
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