Overview

• The average property seller in England and Wales made a 42% gross profit in 2024, equivalent to £91,820, marking the lowest return since records began in 2015.
• London sellers experienced the largest average gains at £172,350, but this figure fell below £200,000 for the first time since at least 2015.
• Merthyr Tydfil in Wales recorded the highest percentage price gains, with sellers achieving 68% more than their original purchase price.
• Slower house price growth and higher transaction costs, such as stamp duty and mortgage rates, have made it more expensive for homeowners to move, leading many to stay put longer.
• Homes owned for 20 years saw an average 83% profit, while those owned for five years averaged just 27%, reflecting the impact of long-term price trends.