"These are the places where homebuyers are likely to have the hardest time trying to find a property due to an overall lack of stock, even in cooling market conditions"
Moverly has analysed which parts of England’s market currently have the smallest percentage of total dwelling stock available for sale in the current market, thus identifying where the most truly exclusive locations can be found.
Across England, 2.6% of all homes are currently listed for sale. With a total dwelling stock of around 25 million, this is equivalent to just over 640,000 homes. 46% of English counties sit below this national benchmark, meaning their exclusivity levels are higher than average.
However, there are just five counties in which less than 2% of dwelling stock is currently available for purchase, making them the most exclusive markets in the nation.
With just 1.8% of stock currently listed for sale, the two most exclusive housing markets are found in Tyne & Wear and the West Midlands.
Current property market availability sits at 1.9% in both West Yorkshire and South Yorkshire, also making them amongst some of the most exclusive areas of the property market at present.
Greater Manchester completes the shortlist of England’s most exclusive property markets, where just 2% of all homes are currently up for grabs in the market today.
So while Kensington & Chelsea might be the most expensive community to be part of, buyers who are looking to be part of a truly exclusive neighbourhood are best off looking a lot further north.
Moverly co-founder, Ed Molyneux, commented:
“Who would’ve guessed that Sunderland, Newcastle, Leeds or Bradford are situated slap bang in the middle of England’s most exclusive housing markets?
"But it’s true, and it means these are the places where homebuyers are likely to have the hardest time trying to find a property due to an overall lack of stock, even in cooling market conditions.
"So while the leafy, Richard Curtis streets of Knightsbridge might seem like the pinnacle of exclusivity, it's these unlikely contenders from the north that are currently the most exclusive buying markets.”
