Could the UK’s wealth exodus have a positive benefit for millionaires looking to stay?.

Approximately 16,500 UK based millionaires are expected to leave the country in 2025.

That’s the latest research published in Henley & Partners’ annual Private Wealth Migration report, adding to the 7,500 millionaires that already left the UK in 2024.

Industry experts point to the changes to the non-domicile tax regime, that came into force on 6^th April 2025, as a big contributor to the exodus, alongside recent increases to Capital Gains Tax (CGT), Inheritance Tax (IHT) and Corporate tax.

With this record migration of wealth currently underway, you’d expect there to be very little good news for millionaires looking to stay in the UK. However, there could be an unexpected silver lining for those looking to buy their next luxury home or expand their personal property portfolios.

More millionaire mansions on the market

As you might expect, many high net worth individuals leaving the country could be looking to offload some, if not all, of the UK based property assets, including personal homes.

This has naturally caused an increase in the availability of higher priced residential properties, especially in prime locations such as London, which has had the following effects:

• Less competition – As other millionaires leave, buyers may find that they have less competition when looking to purchase their dream property. According to London Property, the capital’s prime market has seen 20% fewer transactions in 2025.


• Lowering prices – Less demand for these premium properties means prices will need to come down to attract buyers. Research suggests that London properties within the £2.5m to £5m bracket have seen a 10 – 15% price reduction in 2025.

In fact, Savills recently suggested that the average price of luxury homes in central London, including exclusive areas such as Belgravia, Mayfair and Knightsbridge, had fallen by as much as 22% since its height in June 2014.

The property market is cyclical

Although the current downward trend in both UK millionaires leaving the UK and luxury property prices feels like a negative for the wider economy, now could be the ideal time for investors to capitalise on the lower prices on prime real estate.

The prime market has faced challenges in the past, including recession, COVID-19 and Brexit, but has rebounded.

In fact, there’s evidence that the rebound has already started, especially in London’s prime market, with Barclays highlighting that both domestic and international investors still view property in the UK as a safe, long-term proposition, and that the expected fall in interest rates will help to drive up demand.

So, there’s no time like the present to talk to our expert Premier service team.

Larger loan lending to unlock the opportunities

Buying a multi-million pound home or apartment is often more complex than purchasing a standard semi-detached property. Unlocking the larger loans needed can often lead to complications, delays and even rejections from traditional lenders that aren’t set up to accommodate the needs of affluent buyers.

At Together, our flexible, common-sense approach to lending means that we can often help where other lenders can’t. For example:

• Complex income – Successful individuals can often have multiple revenue streams, paid at irregular intervals and differing amounts, which traditional lending criteria may not be able to take into account. At Together, we assess and accept a wide range of income including salaries, bonuses, dividends, and rental and commercial income.


• Unusual or non-standard properties – Whether you’re looking for funding for a historic listed building or a high tech, penthouse apartment, we’ll look to help you achieve your property ambitions.


• Communication and service – You’ll be able to speak to us when you need us. Our bespoke Premier service means that you’ll have a direct connection to a dedicated account manager who will work with you and your financial advisors to get you the outcome you need.

If you’d like to take advantage of the reduction in prime property prices, or you simply need access to capital as a wealthy individual, why not speak to Scott Clay, Director of our Premier service, to see how Together can help you achieve your ambitions on 07753 138 292.