56pc of homes sold at a profit since 2007

Robyn Hall

February 27, 2013

The research found that between January 2007 and January 2013 55.6% (179,689) of homes were sold for more that their purchase price with the average profit being £45,199.

Over the same period 40.7% (131,442) of homes sold generated an average loss of £24,430 per transaction. The remaining 3.7% (12,051) sold for the purchase price.

Sean Oldfield, chief executive officer of Castle Trust, said: “What’s interesting is that despite the housing correction over this period most people still made money on their house and significant money at that.

“It’s well established that over the long term national house prices grow in line with national wage growth and that housing is much more stable than equities.”

Despite the average increase there is still a significant divergence in performance between regions.

Unsurprisingly Greater London (71%) and the South East (57.6%) reported the highest percentage of homes sold for a profit.

In terms of losses Yorkshire and Humberside (48.2%) and the North of England (48%) topped the table in terms of loss percentage.

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