Connect with us


People who sold their homes last year pocketed £95kon average, said Hamptons estate agents

Voice Of EU



The average home seller who bought within the last 20 years sold their property for £95,360 more than they paid for it, new research has revealed.

The amount is an increase of £11,810 on 2020 when the average seller sold for a £83,500 gain.

A record 92 per cent of sellers in England and Wales sold their property last year for more than they bought it, having owned it for an average of 8.8 years, the annual research by estate agent Hamptons revealed.

The average seller made a gain of £95,360 in 2021, an increase of £11,810 on 2020, according to new research by Hamptons

The average seller made a gain of £95,360 in 2021, an increase of £11,810 on 2020, according to new research by Hamptons

Seller Gain
Seller Gain
Average years
of ownership
% of sellers
who made a gain
2015 £82,730 59% 8.8 86%
2016 £87,560 60% 8.8 89%
2017 £88,230 58% 8.8 90%
2018 £85,200 54% 8.9 90%
2019 £79,100 48% 8.9 89%
2020 £83,550 44% 8.8 90%
2021 £95,360 46% 8.8 92%
Source: Hamptons & Land Registry     

It follows Britain experiencing a red hot property market last year, during which average values increased by £24,500, according to Halifax.

The Hamptons research found a clear divide among the different types of property sold.

Those selling a detached house saw an average gross gain of £151,840 while those selling a flat saw their gains drop to £54,690 in 2021.

Flats have fallen out of favour during the pandemic as buyers seek more space due to several lockdowns. They have also been plagued with issues such as cladding repair bills and toxic ground rent clauses.

Flats also tend to be owned for a shorter time than detached homes, which are held for longer and accrue more gains.

One in five flat sellers last year made a loss on their property compared to 4 per cent of detached house sellers.

The research revealed that flat owners were the only sellers to see their gains fall between 2020 and 2021

The research revealed that flat owners were the only sellers to see their gains fall between 2020 and 2021

2019 2020 2021
Flat £57,500 £62,360 £54,690
Terraced £66,250 £70,550 £79,370
Semi-Detached £76,820 £81,330 £92,430
Detached £122,280 £132,240 £151,840
Source: Hamptons & Land Registry     

London sellers continued to make the biggest gains. But weaker price growth meant that 2021 marked the first time since Hamptons records began – in 2015 – that sellers in the capital made a gross gain of less than £200,000.

Hamptons suggests that people’s reassessment of their homes since the pandemic began has also led to sellers to move sooner.

It said that 64 per cent of sellers in 2021 sold their home within 10 years, compared to 59 per cent of sellers in 2019.

Aneisha Beveridge, of Hamptons said: ‘Soaring house price growth over the last 18 months has driven up the amount of money homeowners have made.

‘But while owners of larger properties have benefitted from buyers looking for more space, flat owners have seen weaker returns.

‘House price gains are primarily driven by two factors – the length of time people have owned their home and the point at which they bought in the housing cycle.

Most of these profits are never seen by sellers as they are reinvested back into the housing market when they make their next purchase

‘Typically, homeowners who have owned their properties for longer have seen more price growth and therefore made bigger profits.’

However, she added: ‘Although, most of these profits are never seen by sellers as they are reinvested back into the housing market when they make their next purchase.

‘House price gains last year may have been close to their peak. 2021’s average seller bought in 2012, and house prices across England and Wales have risen by 55 per cent since then.

‘However, 2022-2024 sellers are likely to have bought more recently, during a period of weaker price growth. We’ve already seen this in London, where seller gains have been falling since 2016.’

A record 92% per cent of sellers sold their property last year for more than they bought it

A record 92% per cent of sellers sold their property last year for more than they bought it

Hamptons said the rise in seller profit has been boosted by the sale of bigger homes. These have typically been owned for longer and benefitted from more price growth.

Owners of detached houses accounted for 23 per cent of sellers – and 37 per cent of profit – in England and Wales last year, up from 20 per cent in 2019.

And sellers of detached houses made the biggest gains at £151,840 or 53 per cent, having owned them the longest, typically 9.4 years.

The average gross profit on a detached home jumped from £132,240 in 2020 and £122,280 pre-pandemic in 2019.

Hamptons also said that flat owners are least likely to sell their home for more than they bought it for, partly because they tend to own for a shorter period at 8.2 years in 2021.

One in five – at 19 per cent – of flat sellers in 2021 made a loss on their property compared to 4 per cent of detached sellers.

Flat owners were the only sellers to see their gains fall between 2020 and 2021.

The average flat seller who sold in 2021 made a gross gain of £54,690 or 29 per cent, down from £62,360 in 2020.

Meanwhile, the average gain on a terrace property rose to £79,370, up £8,820, in 2021 and semi-detached sellers made £92,430, up £11,100 on average.  

2019 Seller 2020 Seller 2021 Seller
2.3% 1.7% 1.2%
1 4.1% 3.8% 3.1%
2 6.1% 6.0% 5.7%
3 7.6% 7.8% 7.7%
4 8.4% 8.8% 9.1%
5 8.0% 8.7% 9.1%
6 6.3% 7.7% 7.9%
7 4.8% 6.0% 7.3%
8 4.3% 4.4% 5.1%
9 3.9% 3.9% 4.1%
10 3.3% 3.6% 3.6%
11 3.7% 3.2% 3.5%
12 6.6% 3.1% 2.6%
13 6.2% 5.6% 3.5%
14 4.5% 5.5% 5.7%
15 4.3% 4.0% 5.0%
16 3.9% 3.8% 3.5%
17 3.6% 3.6% 3.8%
18 3.0% 3.3% 3.2%
19 2.5% 2.9% 3.2%
20 2.2% 2.2% 2.2%
21 0.3% 0.4% 0.1%
Source: Hamptons & Land Registry 

London sellers continued to make the biggest absolute gross profit. However, weaker house price growth over the last six years has meant that 2021 marked the first time since 2015 – when records began – that the average London seller made a gain of less than £200,000.

The average London seller sold their property in 2021 for £197,730 more than they paid for it an average of 9.1 years ago. It is down from £207,370 in 2020 and a peak of £243,050 in 2016.

While 91 per cent of London sellers made a gain on their property, 16 per cent of flat sellers in the capital sold at a loss, 54 per cent of whom bought in the capital during the last seven years.

Sellers in the North East were least likely to make a profit last year, according to Hamptons.

The average seller in the region made an average gross gain of £28,960, 22 per cent of whom sold their home for less than they bought it – on average 7.9 years ago.

Sellers in London’s most affordable borough, Barking and Dagenham, have seen the biggest percentage gain anywhere in the country.

The average 2021 seller in Barking and Dagenham sold their home for 76 per cent more than they paid for it.

It is followed by sellers in Waltham Forest at 72 per cent, Merthyr Tydfil in Wales at 71 per cent and Havering at 66 per cent.

Twelve of the local authorities where sellers banked the biggest percentage gains in 2021 were located in the capital.

Years owned 2015 sellers 2018 sellers 2021 sellers
16% 12% 19%
1 28% 26% 28%
2 25% 19% 21%
3 26% 22% 18%
4 27% 28% 19%
5 26% 37% 23%
6 30% 41% 31%
7 17% 42% 40%
8 13% 40% 51%
9 21% 45% 55%
10 27% 28% 55%
11 35% 24% 54%
12 55% 33% 61%
13 87% 41% 38%
14 122% 51% 39%
15 148% 75% 50%
16 183% 113% 58%
17 206% 153% 72%
18 230% 182% 100%
19 252% 219% 141%
20 252% 242% 180%
21 259% 254% 210%
Source: Hamptons & Land Registry 

The pandemic sparked a wave of early upsizers as people searched for more living and working space.

Some 64 per cent of sellers in 2021 sold their home within 10 years, compared to 59 per cent of sellers in 2019.

However, the proportion of sellers moving within between 11 and 14 years has fallen from 21 per cent in 2019 to 15 per cent in 2021.

Flat owners, in particular, have upsized sooner, with 65 per cent of 2021 flat sellers having moved within 10 years, up from 63 per cent of sellers in 2019.

Typically, the longer someone has owned a property, the bigger their gain.

The average 2021 seller who bought 20 years ago saw their property rise in value by 180 per cent, compared to 23 per cent for someone who bought five years ago.

They’re also less likely to make a loss, with less than 1 per cent of sellers who bought 20 years ago making a loss on the sale of their home in 2021 versus 9 per cent of buyers who bought five years ago.

While homeowners who have sold within five years of buying have made similar returns, seller gains have shrunk for those who have owned for a longer period of time.

For example, the average seller who owned for 15 years and sold in 2015 made an average gain of 148 per cent. However, a 2021 seller who bought 15 years ago made a 50 per cent gross gain. This is because house price growth across England and Wales has generally been weaker in recent years.

One in five flat sellers made a loss in 2021 compared to 4 per cent of those selling a detached home

One in five flat sellers made a loss in 2021 compared to 4 per cent of those selling a detached home

It follows a year that saw house price growth reach new records. They saw their biggest annual rise since the financial crisis last year.

The average price of a property increased by 9.8 per cent in 2021 to a new record high of £276,091, the largest percentage increase since 2007, data from Halifax shows.

In cash terms, prices increased by £24,500 in the year to December, which is the largest annual cash rise since 2003, the mortgage lender said.

However, a ‘considerable’ slowdown may be looming due to a big squeeze on household finances and possible further interest rate hikes. 

Russell Galley, of Halifax, said: ‘Looking ahead, the prospect that interest rates may rise further this year to tackle rising inflation and increasing pressures on household budgets suggest house price growth will slow considerably.’

‘Our expectation is that house prices will maintain their current strong levels, but that growth relative to the last two years will be at a slower pace.’

Local Authority Region Average Profit % Average Profit £
BARKING AND DAGENHAM London 76% £123,526
WALTHAM FOREST London 72% £184,278
MERTHYR TYDFIL Wales 71% £54,357
HAVERING London 66% £151,371
CITY OF WESTMINSTER London 65% £411,415
BEXLEY London 65% £143,850
THANET South East England 65% £112,372
REDBRIDGE London 64% £171,215
SLOUGH South East England 63% £125,795
TRAFFORD North West England 63% £131,953
THURROCK East of England 63% £110,101
LEICESTER East Midlands 63% £75,810
HARINGEY London 63% £218,095
SOUTHWARK London 62% £213,312
HARROW London 62% £184,312
ENFIELD London 62% £162,206
GREENWICH London 62% £153,950
THREE RIVERS East of England 62% £194,920
HERTSMERE East of England 62% £212,430
HILLINGDON London 60% £158,161
CANTERBURY South East England 60% £126,011
HASTINGS South East England 60% £97,941
SUTTON London 60% £148,638
HACKNEY London 59% £196,880
MERTON London 59% £232,139
ADUR South East England 59% £127,745
GRAVESHAM South East England 59% £111,571
OADBY AND WIGSTON East Midlands 59% £88,747
ROCHFORD East of England 59% £134,439
KENSINGTON AND CHELSEA London 58% £572,116
LEWISHAM London 58% £155,407
CITY OF BRISTOL South West England 58% £118,008
ST ALBANS East of England 58% £219,882
RHONDDA CYNON TAFF Wales 58% £45,630
SOUTHEND-ON-SEA East of England 58% £121,132
BRENTWOOD East of England 58% £193,409
CASTLE POINT East of England 58% £116,116
BARNET London 57% £214,158
EALING London 57% £198,091
BRENT London 57% £185,993
MALDON East of England 57% £124,564
DOVER South East England 57% £105,626
SALFORD North West England 57% £66,830
LUTON East of England 57% £88,316
BROMLEY London 56% £168,120
FOLKESTONE AND HYTHE South East England 56% £107,162
BRIGHTON AND HOVE South East England 56% £150,436
MANCHESTER North West England 56% £71,465
WATFORD East of England 56% £129,655
CAMBRIDGE East of England 56% £168,540
RICHMOND UPON THAMES London 56% £284,612
BURY North West England 56% £70,937
BLAENAU GWENT Wales 56% £37,787
BROXBOURNE East of England 56% £131,644
ROTHER South East England 56% £127,544
MEDWAY South East England 56% £92,091
NORTH NORFOLK East of England 56% £111,899
CAMDEN London 55% £336,028
OXFORD South East England 55% £181,434
OLDHAM North West England 55% £54,432
CRAWLEY South East England 55% £95,544
ISLE OF ANGLESEY Wales 55% £73,132
CROYDON London 55% £135,245
EPSOM AND EWELL South East England 55% £164,357
EPPING FOREST East of England 55% £184,958
SPELTHORNE South East England 54% £144,806
NEWHAM London 54% £110,306
BASILDON East of England 54% £115,158
TAMESIDE North West England 54% £55,788
STOCKPORT North West England 54% £95,227
KING’S LYNN AND WEST NORFOLK East of England 54% £89,130
STEVENAGE East of England 53% £99,579
ASHFORD South East England 53% £103,621
SEVENOAKS South East England 53% £166,642
KINGSTON UPON THAMES London 53% £188,766
HARLOW East of England 53% £94,975
HAMMERSMITH AND FULHAM London 53% £288,964
HOUNSLOW London 53% £162,585
BROXTOWE East Midlands 53% £76,815
ROSSENDALE North West England 53% £56,514
DACORUM East of England 52% £156,981
NORTH HERTFORDSHIRE East of England 52% £131,520
MOLE VALLEY South East England 52% £187,659
EAST CAMBRIDGESHIRE East of England 52% £100,469
WELWYN HATFIELD East of England 51% £121,125
ROCHDALE North West England 51% £51,865
CAERPHILLY Wales 51% £50,472
WORTHING South East England 51% £105,110
WELLINGBOROUGH East Midlands 51% £63,923
LEWES South East England 51% £122,385
COVENTRY West Midlands 51% £64,682
NEATH PORT TALBOT Wales 51% £42,474
WEST SUFFOLK East of England 51% £90,077
ELMBRIDGE South East England 51% £258,838
LAMBETH London 51% £181,822
CHELMSFORD East of England 51% £125,644
SWALE South East England 50% £90,726
NORTH SOMERSET South West England 50% £103,348
CITY OF NOTTINGHAM East Midlands 50% £57,363
CITY OF LONDON London 50% £216,157
EREWASH East Midlands 50% £64,227
BIRMINGHAM West Midlands 50% £73,021
GEDLING East Midlands 50% £76,557
SOUTH CAMBRIDGESHIRE East of England 50% £126,302
BROMSGROVE West Midlands 49% £105,676
EAST HERTFORDSHIRE East of England 49% £141,821
SOUTH GLOUCESTERSHIRE South West England 49% £95,006
TENDRING East of England 49% £82,397
MONMOUTHSHIRE Wales 49% £93,274
BRAINTREE East of England 49% £97,337
RUTLAND East Midlands 49% £99,415
EAST LINDSEY East Midlands 49% £59,409
ISLINGTON London 49% £215,510
THE VALE OF GLAMORGAN Wales 49% £84,359
NEW FOREST South East England 49% £136,581
WANDSWORTH London 48% £217,357
TUNBRIDGE WELLS South East England 48% £142,942
LIVERPOOL North West England 48% £46,575
BATH AND NORTH EAST SOMERSET South West England 48% £133,776
FOREST OF DEAN South West England 48% £89,428
EAST NORTHAMPTONSHIRE East Midlands 48% £82,495
CEREDIGION Wales 48% £60,111
TANDRIDGE South East England 48% £152,466
GWYNEDD Wales 48% £58,017
BROADLAND East of England 48% £89,530
STROUD South West England 48% £106,310
GUILDFORD South East England 48% £170,444
BLABY East Midlands 48% £74,843
REIGATE AND BANSTEAD South East England 48% £155,009
RUSHCLIFFE East Midlands 48% £106,797
CORNWALL South West England 48% £91,408
WEALDEN South East England 48% £127,835
SOUTH LAKELAND North West England 48% £89,493
EAST SUFFOLK East of England 48% £87,530
BOLSOVER East Midlands 47% £45,901
NORTHAMPTON East Midlands 47% £72,794
PEMBROKESHIRE Wales 47% £61,067
BABERGH East of England 47% £100,615
CHICHESTER South East England 47% £146,452
FENLAND East of England 47% £64,939
NORTH NORTHAMPTONSHIRE East Midlands 47% £71,895
HINCKLEY AND BOSWORTH East Midlands 47% £73,848
POWYS Wales 47% £62,545
MILTON KEYNES South East England 47% £83,953
BOLTON North West England 47% £49,721
WAVERLEY South East England 46% £173,315
NORTH WARWICKSHIRE West Midlands 46% £68,276
TOWER HAMLETS London 46% £136,161
NEWPORT Wales 46% £60,429
DERBYSHIRE DALES East Midlands 46% £91,774
MAIDSTONE South East England 46% £102,500
MANSFIELD East Midlands 46% £45,588
WOLVERHAMPTON West Midlands 46% £54,395
SHEFFIELD Yorkshire and the Humber 46% £65,160
GREAT YARMOUTH East of England 46% £61,770
TONBRIDGE AND MALLING South East England 46% £121,660
CENTRAL BEDFORDSHIRE East of England 46% £97,838
CHESTERFIELD East Midlands 46% £51,580
ASHFIELD East Midlands 46% £51,621
CONWY Wales 46% £58,747
HAVANT South East England 46% £96,803
CARMARTHENSHIRE Wales 46% £48,976
RUNNYMEDE South East England 46% £148,506
DARTFORD South East England 46% £94,257
SANDWELL West Midlands 46% £49,754
TORFAEN Wales 46% £49,585
LICHFIELD West Midlands 45% £76,266
WINDSOR AND MAIDENHEAD South East England 45% £172,303
SOLIHULL West Midlands 45% £106,236
DUDLEY West Midlands 45% £61,795
CHARNWOOD East Midlands 45% £77,606
WALSALL West Midlands 45% £61,143
HIGH PEAK East Midlands 45% £72,610
BRECKLAND East of England 45% £76,907
ARUN South East England 45% £109,738
MENDIP South West England 45% £98,047
SOUTH HOLLAND East Midlands 45% £64,837
NORWICH East of England 45% £73,317
HARBOROUGH East Midlands 45% £100,868
WINCHESTER South East England 45% £142,828
WEST LINDSEY East Midlands 45% £60,382
MALVERN HILLS West Midlands 45% £100,987
DENBIGHSHIRE Wales 45% £53,241
HUNTINGDONSHIRE East of England 44% £87,028
SOUTH NORFOLK East of England 44% £87,827
SOUTH HAMS South West England 44% £120,690
FAREHAM South East England 44% £99,363
BRIDGEND Wales 44% £50,495
SWANSEA Wales 44% £53,338
STAFFORDSHIRE MOORLANDS West Midlands 44% £62,443
WIRRAL North West England 44% £61,000
YORK Yorkshire and the Humber 44% £86,200
SOUTH STAFFORDSHIRE West Midlands 44% £54,793
CHELTENHAM South West England 44% £107,121
MID SUFFOLK East of England 44% £89,496
RUGBY West Midlands 44% £75,623
PORTSMOUTH South East England 43% £71,994
MELTON East Midlands 43% £82,327
AMBER VALLEY East Midlands 43% £62,979
NORTH EAST DERBYSHIRE East Midlands 43% £63,676
ISLE OF WIGHT South East England 43% £83,346
WOKING South East England 43% £140,051
IPSWICH East of England 43% £63,510
CITY OF PETERBOROUGH East of England 43% £61,530
EASTBOURNE South East England 43% £85,156
NORTH LINCOLNSHIRE Yorkshire and the Humber 43% £46,951
NORTH KESTEVEN East Midlands 43% £65,914
CORBY East Midlands 43% £55,638
EXETER South West England 43% £86,394
SOUTH KESTEVEN East Midlands 43% £75,008
HART South East England 43% £133,740
SURREY HEATH South East England 43% £136,706
WEST NORTHAMPTONSHIRE East Midlands 43% £78,544
EAST HAMPSHIRE South East England 43% £128,849
CRAVEN Yorkshire and the Humber 43% £62,756
TAMWORTH West Midlands 43% £58,486
MID SUSSEX South East England 43% £116,629
HORSHAM South East England 42% £120,004
WARRINGTON North West England 42% £69,707
RUSHMOOR South East England 42% £89,048
SOUTH OXFORDSHIRE South East England 42% £153,177
COLCHESTER East of England 42% £86,034
PENDLE North West England 42% £35,489
UTTLESFORD East of England 42% £126,701
BEDFORD East of England 42% £90,487
REDDITCH West Midlands 42% £68,075
SEDGEMOOR South West England 42% £73,772
CARDIFF Wales 42% £70,268
SEFTON North West England 42% £59,173
LEEDS Yorkshire and the Humber 42% £65,030
READING South East England 42% £96,796
BARROW-IN-FURNESS North West England 42% £37,471
LINCOLN East Midlands 42% £49,836
NORTH DEVON South West England 42% £83,290
RYEDALE Yorkshire and the Humber 41% £83,386
WEST BERKSHIRE South East England 41% £117,371
BASSETLAW East Midlands 41% £52,094
TEIGNBRIDGE South West England 41% £85,097
WOKINGHAM South East England 41% £122,515
GOSPORT South East England 41% £66,183
WEST LANCASHIRE North West England 41% £62,736
NEWARK AND SHERWOOD East Midlands 41% £67,190
WIGAN North West England 41% £40,854
WYRE FOREST West Midlands 41% £65,176
CANNOCK CHASE West Midlands 41% £52,534
CALDERDALE Yorkshire and the Humber 41% £45,174
WARWICK West Midlands 41% £95,970
COTSWOLD South West England 41% £120,403
BRACKNELL FOREST South East England 40% £107,943
SOUTH NORTHAMPTONSHIRE East Midlands 40% £95,433
NUNEATON AND BEDWORTH West Midlands 40% £52,427
DORSET South West England 40% £99,867
NORTH WEST LEICESTERSHIRE East Midlands 40% £61,203
KIRKLEES Yorkshire and the Humber 40% £48,320
STOKE-ON-TRENT West Midlands 40% £33,129
SCARBOROUGH Yorkshire and the Humber 40% £52,011
GLOUCESTER South West England 40% £59,267
DONCASTER Yorkshire and the Humber 39% £39,449
TORRIDGE South West England 39% £75,889
EAST DEVON South West England 39% £93,603
SOUTH SOMERSET South West England 39% £73,816
HARROGATE Yorkshire and the Humber 39% £99,406
CITY OF KINGSTON UPON HULL Yorkshire and the Humber 39% £26,628
CHESHIRE EAST North West England 39% £81,563
WILTSHIRE South West England 39% £82,554
HEREFORDSHIRE West Midlands 39% £78,079
WYCHAVON West Midlands 39% £87,767
BURNLEY North West England 39% £24,293
TORBAY South West England 39% £68,773
CHESHIRE WEST AND CHESTER North West England 39% £70,218
KNOWSLEY North West England 39% £37,390
ROTHERHAM Yorkshire and the Humber 38% £43,436
TEWKESBURY South West England 38% £83,593
CITY OF DERBY East Midlands 38% £49,254
NEWCASTLE-UNDER-LYME West Midlands 38% £46,329
FLINTSHIRE Wales 38% £44,878
SHROPSHIRE West Midlands 38% £71,060
BLACKBURN WITH DARWEN North West England 38% £24,027
BRADFORD Yorkshire and the Humber 38% £40,515
EASTLEIGH South East England 38% £87,402
TEST VALLEY South East England 38% £99,916
EAST RIDING OF YORKSHIRE Yorkshire and the Humber 38% £54,887
BARNSLEY Yorkshire and the Humber 38% £37,706
BASINGSTOKE AND DEANE South East England 38% £95,043
BOSTON East Midlands 37% £47,439
KETTERING East Midlands 37% £64,673
MID DEVON South West England 37% £73,762
ST HELENS North West England 37% £38,916
WREXHAM Wales 37% £46,844
NORTH EAST LINCOLNSHIRE Yorkshire and the Humber 37% £34,399
WEST DEVON South West England 37% £79,572
STRATFORD-ON-AVON West Midlands 37% £101,481
STAFFORD West Midlands 37% £60,601
WAKEFIELD Yorkshire and the Humber 37% £41,782
EAST STAFFORDSHIRE West Midlands 37% £57,741
LANCASTER North West England 36% £44,101
CHERWELL South East England 36% £84,465
WEST OXFORDSHIRE South East England 36% £102,970
HALTON North West England 36% £43,270
SELBY Yorkshire and the Humber 36% £58,308
SOMERSET WEST AND TAUNTON South West England 36% £73,755
HYNDBURN North West England 36% £22,859
SOUTHAMPTON South East England 36% £46,093
DAVENTRY East Midlands 36% £87,603
CITY OF PLYMOUTH South West England 36% £49,943
RICHMONDSHIRE Yorkshire and the Humber 35% £60,159
SOUTH DERBYSHIRE East Midlands 35% £53,192
WORCESTER West Midlands 34% £59,382
SWINDON South West England 34% £57,843
CHORLEY North West England 34% £48,460
COPELAND North West England 34% £30,306
VALE OF WHITE HORSE South East England 33% £96,534
ALLERDALE North West England 33% £42,034
WREKIN West Midlands 32% £46,334
RIBBLE VALLEY North West England 32% £55,300
NORTH TYNESIDE North East England 32% £41,883
WYRE North West England 32% £40,716
HAMBLETON Yorkshire and the Humber 32% £67,944
FYLDE North West England 31% £54,147
EDEN North West England 31% £51,854
NORTHUMBERLAND North East England 31% £49,278
SOUTH RIBBLE North West England 30% £40,737
PRESTON North West England 29% £28,236
REDCAR AND CLEVELAND North East England 28% £24,717
HARTLEPOOL North East England 28% £21,339
BLACKPOOL North West England 28% £23,142
CARLISLE North West England 27% £30,344
COUNTY DURHAM North East England 26% £22,129
NEWCASTLE UPON TYNE North East England 24% £39,463
STOCKTON-ON-TEES North East England 24% £27,402
GATESHEAD North East England 24% £28,569
MIDDLESBROUGH North East England 24% £16,654
SOUTH TYNESIDE North East England 22% £28,214
SUNDERLAND North East England 22% £22,110
DARLINGTON North East England 21% £23,248
Source: Hamptons       

Source link


Barings provides €72m loan for social housing portfolio (GB)

Voice Of EU



Barings has provided a €71.9m (£62.9m), 15-year loan to finance the acquisition of a social housing portfolio in England by Domus Social Housing Ltd (Domus). Provided under its separate account with investor Phoenix Group, the UK’s largest long-term savings and retirement business, it is Barings’ first real estate debt exposure to affordable housing in Europe. 


Domus and Fiera Infrastructure Inc, were advised by Excellion Capital on the milestone transaction in which Domus acquired the portfolio, consisting of 54 properties in London, the midlands and the northwest of England with more than 850 beds in the underlying units. The assets are let to UK housing providers that specialise in managing homes for residents with a range of needs, including those experiencing homelessness and domestic abuse. There are over 320,000 people estimated to be sleeping rough, in homeless shelters or in other temporary housing in the UK, according to analysis from Shelter in 2018.


Chris Bates, Head of Europe Real Estate Debt Origination at Barings, said: “Having been actively lending against UK and European residential property for some time now, we were keen to explore opportunities in the affordable housing sector and believe this portfolio is a substantially attractive one to launch us into the market. We are increasingly seeking out opportunities to invest in residential property, given that it provides a long-duration, reliable income that hedges against rising inflation, and are interested in a range of asset classes such as affordable housing, student accommodation, build-to-rent and the private rental sector.”


Sam Mellor, Managing Director and Head of Europe & Asia – Pacific Real Estate Debt at Barings, said: “Increasing our exposure in affordable housing is the right thing to do from both a social impact and a financial investment perspective, reflecting both Barings’ values as a company and our investors’ priorities. With a housing crisis in the UK, as across much of the world, the social case is crystal clear. Barings has significant expertise and experience in the affordable housing sector in the U.S., upon which we’ve drawn for this investment, and we’re eager to continue to combine our global research capabilities with our on-the-ground knowledge to seek to secure returns for our investors.”


Prabjot Mann, Head of Property at Phoenix Group, said: “Phoenix is delighted to have provided €71.9m (£62.9m) for Barings’ first loan supporting affordable housing projects in Europe. Phoenix Group is committed to investments that have a clear social benefit and this loan forms part of our growing portfolio of investments in affordable, supported and social housing. This funding will provide housing to those most in need, and is fully aligned with our approach to responsible investment.”


Alina Osorio, President of Fiera Infrastructure, said: “Domus is a new social infrastructure platform focused on providing critical shelter and support to the most vulnerable members of the community. The investment addresses the social housing supply imbalance in the UK by providing quality accommodations in the areas most at need. We plan to grow our footprint through additional acquisitions, which have been identified and secured in areas experiencing housing supply shortages. We are pleased to have worked with Barings on this milestone financing and look forward to witnessing its significant and measurable social impact on the individuals and communities in which Domus operates.”


Gareth Taylor, Director at Excellion Capital, said: “We are delighted to support Domus Social Housing with its acquisition by working with Barings to provide funding of socially responsible and much needed supported housing across the UK. These properties give the unhoused and most vulnerable individuals in our society the accommodation and the specialist care they require.”

Source link

Continue Reading


How to sell your home in 2023: Ten top tips

Voice Of EU



Energy price worries, double-digit inflation, strikes, war and a new government — there’s a lot going on right now, and it’s all beginning to sap the confidence of sellers and buyers.

The market is still robust, with Halifax this month reporting that house prices are 11.5 per cent higher than a year ago, and the typical home now costs a record £294,260. 

But some potential sellers aren’t convinced and believe it’s better to wait until spring to see if buyer confidence returns.

Holding off: The housing market remains robust, but some potential sellers aren't convinced, and believe it's better to wait until spring to see if buyer confidence returns

Holding off: The housing market remains robust, but some potential sellers aren’t convinced, and believe it’s better to wait until spring to see if buyer confidence returns

Of course, the cuts to stamp duty that Prime Minister Liz Truss and Chancellor Kwasi Kwarteng have announced may change a few minds.

But research by savings website VoucherCodes suggests that rising costs have forced 11 per cent of all potential buyers to delay by at least a year.

And a separate study by Nationwide Building Society says seven in ten would-be first-time buyers are putting their plans on ice for some months at least.

So if you’re looking to sell and prevent your home from languishing on the market for months on end, it may be best to spend the next six months getting into pole position for the market in 2023. 

Here are our ten top tips…

1. Take top-quality photos

Choose your estate agent now and make sure they take photographs of your home as soon as possible, while the weather is still relatively good. 

Then it will look its best regardless of when you decide to list it — and you can choose to start marketing at short notice if the conditions are right.

2. Help your buyer

‘Create a pack including everything you can to reassure buyers and cut delays,’ says Clare Coode, an agent with Stacks Property Search, a buying agency.

‘This should include, for example, a certificate for your wood burner, up-to-date electrical certificates, planning permissions, building regulation sign-offs, information about ownership of boundary walls and documents related to access and rights of way.’

3. Fix a mortgage deal

With interest rates rising, and likely to increase for another 18 months according to commentators, securing a competitive multi-year, fixed-rate mortgage in principle now makes sense. 

But many of these deals have to be acted upon within a few months, so ensure you’re in a position to buy before the deadline expires.

4. Boost energy efficiency

This is a key issue for buyers, even after Liz Truss introduced a financial package to ease the burden of increased energy costs.

‘Double glazing, improved insulation or a new boiler could be achieved in a few months, and would likely boost both the appeal and asking price of your home,’ says Location, Location, Location star Phil Spencer. 

‘There are also solar panels, but these won’t add enough value to recover their cost in the short term.’

5. Update the kitchen

Consumer group the HomeOwners Alliance says the kitchen is worth more per square foot than any other room in the house, so it’s worth making it look tip-top.

Spend autumn and winter refacing the cabinets and smartening up the walls and floor. 

But don’t fit a new kitchen — you won’t recover the cost if you sell soon and an installation hitch could derail plans.

6. Be competitive

Try not to pay too much attention to any one house price index, but look at the overall trend and be prepared to set a competitive asking price in the New Year.

Many estate agents say an asking price at the lower end of your expectations will encourage rival buyers to bid against each other — good news for any seller. 

And an overly ambitious price may see the home stuck on the market, especially during a cost of living crisis.

7. Try a neutral restyle

Declutter, of course — but do more than that. ‘If your interior is looking a little dated in style, then redecorate in line with current trends,’ says Alex Lyle, director of estate agency Antony Roberts, based in West London.

‘But try not to be too ‘out there’ as this may put off some potential buyers. Likewise, if carpets are looking a little tired, think about replacing them or switching to wooden flooring.’

8. Spruce up the garden

‘Assess how badly the garden suffered from the drought,’ says Josephine Ashby of John Bray Estates, an estate agent based in North Cornwall.

‘Something planted in the autumn should be thriving by spring. Outside space is important, so doing anything to spruce it up will be rewarded. 

Fresh gravel, a trellis to hide eyesores, dramatic pots and cleaned-up furniture with pretty cushions are all easy fixes.’

9. Remember the lights

‘Swap old halogen lights for LED fittings,’ says Emma Barkes of Stacks Property Search. ‘These use 80 per cent less energy to produce the same amount of light.

‘Make the change early so you can demonstrate lower winter bills and also to give you time to paint the ceilings, as the fittings will almost certainly be a different size.’

10. Finish old projects 

There’s no excuse for outstanding repairs if you have six months to deal with them, but remember that it can take longer than you think to get a tradesman in.

Maintenance firm HelpmeFix says it typically takes four weeks to get a bricklayer or roofer, and at least a week to get a plumber to do a routine boiler check.

Source link

Continue Reading


CBRE IM acquires two logistics assets in Madrid (ES)

Voice Of EU



CBRE Investment Management has acquired two new logistics assets in Madrid, Spain, owned by DWS, with a total gross lettable area of 67,859m².


The first asset, located in Meco, was completed in Q2 2020 and offers 51,969m² of gross lettable space with a LEED Silver rating. The second, in Torrejon, was completed in Q4 2019 and provides 15,890m² of gross lettable space with a LEED Gold rating. Both properties are already leased under triple net leases to leading tenants including a German automotive component manufacturer, a national kitchen equipment distributor and an international sustainable energy company. They both also have EPC ratings of A.


Both assets boast excellent locations with easy access to the A-2 and R-2 highways, and good connection with the M-50, Madrid’s outermost ring road. A driving distance of just 30 minutes to Madrid’s city centre means the assets are well positioned to accommodate, amongst others, tenants with a last-mile approach. The assets have been delivered to high technical and environmental specifications, and also benefit from the increased penetration of e-commerce in Spain and the lack of grade A logistics properties in the area.


Antonio Roncero, Head of Transactions for Iberia at CBRE Investment Management, said: “This acquisition was a rare opportunity to secure an income-producing grade A logistics portfolio through an off-market process. The Madrid logistics sector is attractive due to the potential growth of occupier demand versus an acute shortage of supply. Despite current economic headwinds, well located, high-quality and sustainable assets such as these are well placed to take advantage of ongoing rental growth in the logistics sector.”


Manuel Ibanez, Head of Real Estate Iberia at DWS, pointed out: “In 2017 at DWS we bet on the logistics sector and structured a forward purchase agreement with ICC, which culminated in the purchase of the two newly developed warehouses in 2019 and 2020. Following the leasing of both assets, we decided to divest, closing the circle of this deal, which will be profitable for our investors and is part of DWS’s value add strategy. We will continue working to find investment opportunities in key locations and strategic sectors such as logistics, residential and offices, strengthening our presence in Spain”.


Source link

Continue Reading


Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates 
directly on your inbox.

You have Successfully Subscribed!