Wednesday, 29 September 2021

Average Home Sale Netted Owner £110k Profit In First Year Of The Pandemic

      ·         Home sellers made an average of over £110k profit in the year to May             2021, £15,587 higher than the year previous

·         Sellers in the South East saw the biggest increase in gains, up £18,739 to £141,538, followed by the South West where the average profit rose by over £18,000

·         Detached home sellers made an average gain of £166,586, £22,588 higher than a year previous, while sellers of flats saw their average return increase by less than £1,000

·         Strongest sales activity came from those selling in the 3-7 year period of ownership (38.3%)

Read more on the Savills website.

https://www.savills.co.uk/research_articles/229130/318859-0

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