Profit or loss?
Housing investment company Castle Trust has analysed property sales in the South West since the economic downturn in 2007.
Of all sales in that time in the region, 43.6% of South West house sales have made a loss compared with the previous purchase price – the average shortfall being £23,056.
Houses sold at a profit account for 52.9% of sales, with the average profit standing at £36,487. A total of 3.5% of properties were sold for the same price as the previous transaction.
This leaves the South West somewhere near mid-table for England's regions, with London leading the way with only 26.1% of homes sold at a loss.
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