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

Years of strong price growth meant sellers in England and Wales netted hefty windfall despite fall in house prices

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.