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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Homeowners who sold last year banked £102,000 profit on average, data shows

For Sale signs
The new data suggests that a significant number of people who left urban areas in 2020 and 2021 in the ‘race for space’ have since sold up and moved back. Photograph: Jill Mead/The Guardian

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.

The data, issued by estate agent Hamptons, shows that while 2023 was challenging for the UK property market, years of strong price growth meant those who sold a home last year typically banked a sizeable profit or had a decent sum to put towards their next purchase.

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