The latest research by eXp Luxury has revealed the nation’s luxury property market hotspots outside of London, with the highest proportion of for-sale stock listed at £2m or more.
To coincide with the launch of eXp Luxury, eXp analysed the current market for sale stock across 15 major British cities, looking at how many homes are currently on the market with a luxury price tag of £2m or more and which cities are home to the highest proportion of this stock.
London is predictably home to the highest proportion of luxury property market for sale stock with 5,660 homes listed for sale at £2m or more - equating to 8.6% of the capital’s total for sale stock.
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 £2m 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 the 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.
Head of eXp UK, Adam Day, commented: "London remains by far the most dominant market when it comes to the volume of homes listed for sale commanding a price tag of £2m 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.”
