London accounted for more than one in ten of 2023’s home sales

Homeowners who sold-up in 2023 did so for an average of £103k (48%) more than they initially paid for their home, says Hamptons, down from a record high of £113k in 2022.

Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.

17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.