House flipping now at a 10-year low as buying and renovation costs soar

House flipping is at a 10-year low - (Matt Writtle)

Gone are the days of buyers purchasing a property, doing it up and putting it back on the market for a profit, according to new research from Hamptons.

According to Hamptons, the number of homes which have been flipped — bought, usually with the intention of being renovated, and sold within a 12-month period — has halved over the past decade, falling from 21,520 in 2016 to 10,570 in 2025.