While much uncertainty remains in property market in general, there is one area that is showing more than just the green shoots of recovery. The market for million pound houses has risen by a staggering 58 per cent in 2010, showing every sign of heading back to levels of sales not seen since the economic crash.
Research carried out by Large Mortgage Loans (http://www.largemortgageloans.co.uk/newsandviews/wp-content/uploads/2011/02/2010-Million-Pound-Property-Report.pdf) into the million pound property market shows there is much to be optimistic about.
The detailed research shows that for the first time since 2007 million pound property sales have made up more than 1 per cent of total property sales in Great Britain. In 2010 726,976 properties were sold across the country and 1.02 per cent of those were sold for a million pounds or more. To put this into perspective, in 2009 only 0.70 per cent of the 670,793 properties sold tipped the million pound mark while in 2008 750,926 properties were sold of which 0.71 per cent cost £1 million or more.
If you are entering the million pound house market as a buyer or seller, there is no better time than now. As an increasing number of premier properties become available, more buyers are clearly again on the look-out for their dream home. If you are one of those people, you would be wise to employ the services of home finders.
The report also broke down million pound property sales by region, showing that 89 per cent of overall million pound house sales were in London and the South East in 2010. But it was the West Midlands that saw the biggest overall increase, with an 100 per cent rise between 2009 and 2010.
Wherever you are looking to buy a million pound property, home finders such as Elite Property Search can help.
Elite Property Search, based in the South West of England but with access to properties in London, the South East and across the entire UK, have more £1m plus properties than anyone else. Whether it is a town house, country property or something by the water, Elite have access to a huge array of million pound houses, most of which have not been put on the open market.
Elite are property finders, which mean that unlike estate agents they work on behalf of the buyer instead of the seller. They do have excellent relationships with all the selling agents, however, who will provide access to bottom drawer properties as well as those that they are more actively marketing. On top of that, Elite also regularly access privately available properties before they are put on the open market.
Much of Elite’s success comes from the basic realisation that you as a buyer are individual and unique, and will want a buyers agent who acts accordingly.
Elite’s team of directors get to know each client personally and take the time listening so they know exactly what you want. Once they know exactly what kind of property you are looking for, they will work with tenacity to find you the home of your dreams.
Contact Elite Property Search today to see how they can help you find the home you are looking for.
Contact Details
Elite Property Search
Bristol and West House
Post Office Road
Bournemouth
BH1 1BL
Tel: +44 (0)1202 766566
Email: [email protected]
Web: http://www.elitepropertysearch.com/
