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Castle Trust Housing Risk Research

CASTLE TRUST HOUSING RISK RES EARCH Castle Trust housing risk research tracked the proportion of properties selling at a profit or loss in England and Wales, based on an analysis of over 300,000 repeat property transactions. HOMES BOUGHT & SOLD BETWEEN JAN 2007 AND JAN 2013 SOLD v 40.7% v £24,430 v 131,442 -£221,804 of homes sold since 2007 were at a loss the size of the the number of the average price for properties sold since 2007 average loss on sales homes sold at a loss since 2007 055.6% O£45,199 sold for a profit the size of the 0179,689 average profit on sales the number of homes sold for a profit since 2007 O3.7% returned the original purchase price WHY DO HOMEOWNERS SELL AT A LOSS? 13% of homeowners fear they may be forced to sell their current home at a loss, rising to 25% for those aged 18-34 18% 14% 13% 12% 11% 9% 8% 8% 7% 6% 5% 5% % of homes sold at a loss •% of homes sold for a profit % of homes sold for the purchase price REGIONAL HEAT-MAP Greater London South East North West South West 26.1% LOS 38.5% LOSS 41.1% LOSS 43.6% LOS 71.1% 2.8% 57.6% 3.9% 54.5% 4.4% 52.9% 3.5% AVERACE LOSS AVERAGE PROFIT AVERAGE LOSS AVERAGE PROFIT AVERAGE LOSS AVERAGE PROFIT AVERAGE LOSS AVERAGE PROFIT £49,836 £92,496 £23,653 £43,675 £21,381 £30,340 £23,056 £36,487 West Midlands East Anglia 48 Wales 482 44.2% 44.6% 44.7% LOSS LOSS LOSS 51.2% 51.8% 3.5% 51.5% 4.1% 446 4.2% AVERACE LOSS £21,343 AVERAGE PROFIT AVERAGE LOS AVERAGE PROFIT AVERAGE LOSS AVERAGE PROFIT £31,983 £20,365 £29,234 £20,898 £28,306 East Midlands Yorkshire & Humber 385 North 43.6 47.2% 48.2% 48% LOSS LOSS LOSS % OF HOMES SOLD AT A LOSS 48.9% 3.9% 48% 3.8% 47.8% 4.2% AVERAGE LOSS AVERAGE PROFIT AVERAGE LOSS AVERAGE PROFIT AVERAGE LOSS £19,621 £26,975 £20,761 £26,707 £20,669 AVERAGE PROFIT £25,241 Source: Castle Trust To secure their next home at a good price Divorce/separation R Need for more space Relocation for work N Could no longer afford əbebuow aun Needed to raise money Job loss or reduced income Don't believe the price would increase R Because of illness/ unable to work AVAILABLE The homeowner had died To clear other debts To move into esidential care

Castle Trust Housing Risk Research

shared by CastleTrust on Feb 27
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Since the downturn, over 130,000 families have made a loss on their home placing them under enormous financial and emotional pressures. When you take into account the costs associated with moving home...

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Castle Trust

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Economy
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