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Increasing activity in the UK’s prime property hotspotsProperty article last modified: 12/02/2010Elite Property Search a leading UK based property finders for the rich and famous are witnessing a marked upturn in the prime UK property market. The prime property market has been affected in much the same way as the general UK property market over the last 2 years, but is now showing signs of a healthy recovery. In recent years the UK has seen a lot of activity in the £1 million plus property market. Around 43,400 properties in England and Wales have sold for at least a seven figure sum since 1994, according to HSBC. Although, unsurprisingly, 61 per cent of the homes sold for above the £1m level were in Greater London, areas outside of London such as Poole in Dorset had also experienced a lot of activity in the higher price ranges. The news of this high activity in the upper end of the market came as no surprise to Elite Property Search, who has just celebrated its one thousandth millionaire buyer registering for its property finding services. Elite Property Search is a Poole based property buyers agent who specialise in finding and acquiring homes for the rich and famous throughout the UK. Elite Property Search has seen a surge of interest in Poole’s £1m property market over the last six months as well as other prime property hotspots in the UK. “2008 was not a good year for property anywhere in the UK but throughout 2009 interest in the top end of the Poole property market has shown a dramatic increase,” said Joe Nisbet, a director at Elite Property Search who specialises in Sandbanks properties and surrounding area. Although it would seem the buyers are returning, there is still a lack of stock on the market. Frustrated by this shortage, more and more buyers are turning to Elite Property Search to gain access to their secret property database. “Buyers are excited by our service due to the lack of openly available homes and our access to private sellers. We now have a national database of almost a billion pounds worth of privately available homes throughout the prime hotspots in the South of England, including Poole, the New Forest and the Home Counties. These are all properties that have never seen the light of an estate agents window,” he added. Andrew Findley, another of Elite’s directors, who has completed some of Sandbanks’ biggest secret property deals said: “The £1m plus market is definitely on the up and although we are entering a traditionally quiet time of the year the phones just keep on ringing.” UK Property News archiveOriginally reported in Dorset Business. ... full story » ... full story » ... full story » ... full story » ... full story » Alistair Darling's stamp duty announcement in the recent budget may lead to a short-term sharp rise in demand for properties worth £1million or more according to a BBC report. Under the new rules stamp duty will be increased to 5% ... full story » In recent years the UK has seen a lot of activity in the £1 million plus property market. 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