Home sellers are ‘more motivated’ to sell this year, says estate agency

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.

After a subdued 2023, Hamptons expects the supply of homes available to buy to improve this year, although 'confidence could still be vulnerable to economic shocks and global events'.

The number of estate agents operating across the UK has increased by 1.9% in the last year, despite a decline in transaction numbers.