30 Mar

Property for sale in Oxfordshire remains resilient among wealthy buyers

Property for sale in Oxfordshire remains resilient among wealthy buyers

Some areas of the UK have quietly turned into "millionaire villages" in recent years, data based on Land Registry figures suggests.

The Daily Telegraph reports that Lucian Cook, who carried out the research at Savills, said some rural settlements have attracted so much wealth that they have "become urban in character".

"We see here the rise of the international village, especially in Surrey, Oxfordshire and Berkshire, close to Heathrow airport, good schools and the motorway network," he told the newspaper.

High-end property for sale in Oxfordshire, for instance, can be found in Goring, where some 16 homes worth over £1 million have been sold in the last four years, while Seal in Kent boasts 17.

Mr Cook went on to say that continued sales throughout the recession suggest that the rich are discreetly putting their wealth into safe havens.

The news comes as deputy prime minister Nick Clegg announced plans to tax high-end properties in order to compensate for the government's long-term plan to scrap the 50p income tax rate.ADNFCR-1222-ID-800481564-ADNFCR

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