From James Lockett ProperPR

Research by MoveStreets, the property portal designed for the mobile generation, has revealed how much current homesellers are likely to have made when it comes to the price appreciation of their property during the average length of homeownership across each area of the nation.

The research shows that: -

• Homeowners in Wales typically own their property for the longest period of time at an average of 22.6 years. 
• A homeowner to have purchased a home back in February 1999 would have done so for £48,455, £85,875 once adjusted for inflation. 
• With the average house price across Wales now £196,216, that’s a 128% increase (£110,341), the largest property value percentage increase of all British regions. 
• The average length of homeownership in the North West is 20 years and since 2001, the average house price has increased by 97% (£100,029), the second largest increase of all British regions, closely followed by Yorkshire and the Humber at 89%. 
• In London, the average homeowner owns their home for 19.4 years and had they purchased back in April 2002, they would have seen an increase of 71% once adjusting for inflation. 
• However, while the capital has only seen the sixth largest percentage increase of all British regions, it has enjoyed the largest monetary uplift with those looking to sell now some £211,000 better off compared to when they bought their home. 
• Scotland is the only region to have seen negative movement when it comes to property price growth over the lifetime of the average homeowner. 

Read the full release below but for any further info, comment or regional data, please get in touch with ProperPR

Selling your home in 2022? This is how much you’re likely to have made

Research by MoveStreets, the property portal designed for the mobile generation, has revealed how much current homesellers are likely to have made when it comes to the price appreciation of their property across each region of the nation. 

MoveStreets looked at the average length of time a property is owned after purchase across each region of Britain. MoveStreets then looked at how much house prices have increased during this time period based on a homeowner selling up today, adjusting this increase for inflation to find the actual sum made. 

Homeowners in Wales typically own their property for the longest period of time at an average of 22.6 years. A homeowner to have purchased a home back in February 1999 would have done so for £48,455, £85,875 once adjusted for inflation. With the average house price across Wales now £196,216, that’s a 128% increase (£110,341), the largest property value percentage increase of all British regions. 

The average length of homeownership in the North West is 20 years and since 2001, the average house price has increased by 97% (£100,029), the second largest increase of all British regions, closely followed by Yorkshire and the Humber at 89%. 

The average length of homeownership in the West Midlands and the North East is slightly longer at 20.2 and 21.3 years respectively. However, house price growth hasn’t been quite as buoyant and after adjusting for inflation, MoveStreets research shows that the average property has increased by 79% in the West Midlands and 78% in the North East. 

In London, the average homeowner will own their home for 19.4 years and had they purchased back in April 2002, they would have seen an increase of 71% once adjusting for inflation. However, while the capital has only seen the sixth largest percentage increase of all British regions, it has enjoyed the largest monetary uplift with those looking to sell now some £211,000 better off compared to when they bought their home. 

Scotland is the only region to have seen negative movement when it comes to property price growth over the lifetime of the average homeowner. With an average length of homeownership at 14.5 years, it would have cost £129,092 to get on the ladder in March 2007. However, once adjusting for inflation, the research by MoveStreets shows this cost is actually £183,168 and with the current average property costing £180,334, Scottish homesellers will have seen a 2% drop in the value of their home. 

Notes:

• MoveStreets is the property portal for the mobile generation, providing a quick way to search for the perfect home by allowing buyers and tenants to swipe right on homes that appeal to them 
• MoveStreet was co-founded by Adam Kamani, CEO of the Kamani Property Group and KM Capital as well as a co-founder of PrettyLittleThing, and sold to Boohoo.com
• MoveStreet has already had 50,000 downloads of its app in just 12 months
• MoveStreet currently lists 38,000 properties across 800 agency branches