Sellers in England and Wales made lower than £100,000 revenue on the sale of their dwelling final 12 months, or simply over 40% – the bottom return in a decade – in response to the property agent Hamptons.

It was the second annual fall in a row by way of money revenue after the market hit a peak in 2022 when the typical achieve hit virtually £113,000 in contrast with £91,820 final 12 months. The typical money return in London fell by essentially the most – dropping under £200,000 for the primary time since no less than 2015.

Londoners nonetheless made essentially the most on their gross sales at £172,350 on common, in response to Hamptons, adopted by sellers within the south-east and east of England, whereas sellers within the north-east gained the least at £38,220.

Aneisha Beveridge, the pinnacle of analysis at Hamptons, mentioned that earnings on the sale of properties usually funded a step up the property ladder however “smaller and slower fairness positive aspects over current years, notably for flat house owners, had made this tougher”.

Beveridge added that final 12 months: “Sellers usually skilled much less worth development than those that bought throughout the coronavirus pandemic. Property costs rose 43% throughout the nation between 2015 and 2024, in contrast with 64% between 2013 and 2022, simply earlier than mortgage charges spiked. On prime of this, households have needed to grapple with increased mortgage and transaction prices, akin to stamp obligation, making it extra expensive to maneuver.”

As soon as all these components have been taken under consideration, 9% of sellers in England and Wales bought for lower than they paid, rising to a mean 14% in London – placing the capital on a par with the north-east of England because the most definitely location to promote for a loss. In 2016, solely 2% of London sellers bought at a loss, in contrast with 32% within the north-east.

Merthyr Tydfil in southern Wales changed Barking and Dagenham because the native authority the place sellers made the largest proportion positive aspects in 2024 at 68%. It was adopted by Shepway in Kent and Trafford, Better Manchester, with solely two London boroughs showing within the prime 10 record in 2024, in contrast with all 10 being within the capital in 2019 and 2020.

Weak home worth development and excessive transaction prices are inflicting households to maneuver much less typically, with 34% of sellers having owned the property for lower than 5 years.

Home sellers made greater than double the positive aspects in proportion phrases than these promoting a flat final 12 months.

The typical home bought in 2024 for 47% (or £102,500) greater than its buy worth, having been owned for 9 years. The typical flat bought for 23% (or £48,050) extra, having been purchased 8.8 years in the past.