UK Home Sellers in 2024 See Lowest Profits in Nearly a Decade

Despite average gains of £91,820, slower price growth and rising costs have reduced returns for property owners across England and Wales.

The average property seller in England and Wales made a 42% gross profit in 2024, equivalent to £91,820, marking the lowest return since records began in 2015.
London sellers experienced the largest average gains at £172,350, but this figure fell below £200,000 for the first time since at least 2015.
Merthyr Tydfil in Wales recorded the highest percentage price gains, with sellers achieving 68% more than their original purchase price.
Slower house price growth and higher transaction costs, such as stamp duty and mortgage rates, have made it more expensive for homeowners to move, leading many to stay put longer.
Homes owned for 20 years saw an average 83% profit, while those owned for five years averaged just 27%, reflecting the impact of long-term price trends.