Oxfordshire estate agents have been talking about the growth in million pound houses and the increase in millionaire homes coming to market for a long time. As a property search agency specialising in UK property search, by talking regularly with Oxfordshire estate agents about our clients home search it would appear the time has arrived. I wrote previously about how people are attracted to live in this mid England county whether it be for its accessibility to two major cities (Birmingham and London), its access to two of the UKs areas of outstanding natural beauty the Chalfonts and the Cotswolds or its historic cities of Oxford and Banbury. Well whatever the reason it would appear that for many people Oxfordshire seems to offer the lifestyle they want as well as offering a good investment opportunity.
Research by Knight Frank on Oxfordshire million pound plus prime property market demonstrates that Oxfordshire is attracting professional families with the head of the household being aged between 35 and 55 years of age and of European or British descent. The city of Oxford itself is seeing high growth fuelled by its strong reputation for good schools and some super-prime locations beginning to appear. The price levels within these super-prime locations are in comparison now in advance of other highly desirable areas and widely reported hot spots within the UK. A case in point is a property within Central Oxford whose details were released to the open market this week. The 4000 square foot property is commanding a price per square foot value of £783.
In comparison a similar property in the London commuter suburb of Ealing famous for its film studio, and village feel is for sale at £595 per square foot, and a further comparison is the leafy suburb of Branksome Park which neighbours the infamous Sandbanks where a property at a similar price level is available for sale at £528 per square foot. The increase in process has been driven by a supply-demand imbalance and what has helped to create this is the supply ? demand imbalance in Oxford is the increase in overseas buyers coming to the area by the growth in local industry such as technology parks. At Elite Property Search we have access to in excess of £150 million worth of privately available within Oxfordshire, that is property not registered with a selling agent or openly marketed and can only be accessed by contacting Elite Property Search country house team. Oxfordshire estate agents have been talking about the growth in million pound houses and the increase in millionaire homes coming to market for a long time.
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