• Sun. May 19th, 2024

Property sales over £1 million in Oxfordshire over last 12 months

Byoxfordnewspaper

Sep 14, 2022

The county saw 270 property sales over £1 million in the last 12 months with prices reaching as high as £6.9 million.

Oxfordshire is positioned number 16 across the UK with regards to having the most houses sold over the £1 million price point.

The latest research by Property Solvers, a property buying company, has revealed there were 270 residential homes sales with a value of over £1 million across the Oxfordshire postcodes from September 2021 to September 2022.

Using HM Land Registry sold house price statistics, the home buying company and a local auctioneer reported the total value of these sales arrived at £428,208,294.

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Relative to the same period in 2020 to 2021, this represented a decrease of 48 per cent.

In terms of number of properties sold, this puts Oxfordshire in position number 16 across the UK – above Southampton and below St. Albans.

The most expensive property sold in the county over the last year was on Crick Road, and went for £6.9 million.

Speaking on the data, co-founder Ruban Selvanayagam said: “Although there remains a fairly healthy volume of sales in this price bracket, such a pronounced drop would suggest that buyer appetite for these types of homes is decreasing.

“£1 million plus properties – even for the wealthy – are major commitments and indeed are affected by the wider economy.”

Read more from this author

This story was written by Matthew Norman, he joined the team in 2022 as a Facebook community reporter.

Matthew covers Bicester and focuses on finding stories from diverse communities.

Get in touch with him by emailing: Matthew.norman@newsquest.co.uk

Follow him on Twitter: @OxMailMattN1

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