Property sellers in England and Wales ‘make lowest return in a decade’

Cash profit on a sale falls for second year in a row, to below 100,000, finds Hamptons

Sellers in England and Wales made less than 100,000 profit on the sale of their home last year, or just over 40% - the lowest return in a decade - according to the estate agent Hamptons.

It was the second annual fall in a row in terms of cash profit after the market hit a peak in 2022 when the average gain hit almost 113,000 compared with 91,820 last year. The average cash return in London fell by the most - dropping below 200,000 for the first time since at least 2015.