The Great Recalibration: Is the rebalancing of London and regional property markets here to stay?

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The number of £1m+ homes outside of London grew by 95,500 in the 18 months to June 2021, while in London, they rose by less than a fifth of that figure. Lucian Cook looks at whether this was a one-off or part of a more permanent rebalancing.

Written by

Lucian Cook

Head of UK Residential Research at Savills

Lucian Cook is one of the country’s most respected housing market commentators, having been a director in the Savills research team since 2007. He joined Savills in 1993 after completing a degree in land economy at the University of Cambridge. He qualified as a chartered surveyor in 1995. As a practising surveyor he specialised in the provision of valuation advice for taxation, loan security and dispute resolution purposes and strategic management advice for a range of private and Institutional clients. Lucian is now one of the most quoted commentators on the UK housing market and frequently appears on radio and television. He leads a team of 25 researchers, who cover everything from social housing to the prime markets of central London and development land to residential Investment. He also provides consultancy advice to landowners, developers, housebuilders and investors.

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