Average house seller in 2024 ‘made £91,820 more than they originally paid’
3 days, 5 hours ago

Average house seller in 2024 ‘made £91,820 more than they originally paid’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average house seller in England and Wales last year sealed the deal for £91,820 more than they had originally paid for their property, according to analysis. Go to website In general, property gains peaked in 2016 when the average home in England and Wales sold for 60% more than its purchase price, Hamptons said. Merthyr Tydfil in Wales replaced Barking and Dagenham in London as the local authority where sellers made the biggest percentage price gains on average in 2024, researchers said. Here are the 2024 seller gains by region, according to Hamptons, with the average percentage difference between the sale and purchase price followed by the average cash difference between the sale and purchase price, the percentage of homeowners who sold for more than they paid and the average number of years of ownership: Wales, 48%, £66,710, 93%, 8.7 North West, 44%, £64,830, 92%, 8.8 London, 44%, £172,350, 86%, 9.6 East Midlands, 44%, £71,530, 93%, 8.7 East of England, 42%, £100,270, 92%, 8.9 West Midlands, 42%, £72,980, 92%, 8.6 South West, 41%, £96,090, 93%, 8.5 South East, 41%, £116,560, 92%, 9.1 Yorkshire and the Humber, 40%, £60,380, 92%, 8.9 North East, 30%, £38,220, 86%, 8.0 England and Wales, 42%, £91,820, 91%, 8.9

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