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UK: Four in 10 homes sold for a loss since 2007, research shows

Posted on 27 February 2013

Analysis of Land Registry figures shows 41% of homes sold for average shortfall of £24,430, while 56% made profit of £45,199. Four in 10 homes have been sold for a loss in England and Wales since 2007, while more than half made a profit, according to researchers.
Almost three-quarters (71%) of houses sold in London during this period made a profit despite the tough economy, compared with less than half in Yorkshire and the Humber, the north and the East Midlands, shared equity firm Castle Trust found………………………………………..Full Article: Source


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