Homeowners in England and Wales Net Average £102,000 Profit from Property Sales in 2023

Despite a fall in house prices, 93% of households sold their property for more than they paid for it, with London homeowners making an average profit of £204,190.

• Homeowners in England and Wales who sold their property in 2023 netted an average profit of £102,000 despite house prices falling last year, according to new data from estate agent Hamptons.
• 93% of households sold their property for more than they paid for it, having owned for an average of just under nine years.
• There was a spike in the number of households selling up after just two years, with these properties “disproportionately likely” to be in the countryside, a small town or the suburbs.
• In 2023, the average home in Wales sold for 53% more than its purchase price, while in London the average was 51%.
• London homeowners who bought within the past 20 years and sold their homes in 2023 got an average £204,190 more than they paid for them.

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