{"id":628477,"date":"2026-10-12T17:10:18","date_gmt":"2026-10-12T17:10:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/628477\/"},"modified":"2026-10-12T17:10:18","modified_gmt":"2026-10-12T17:10:18","slug":"a-quarter-of-flats-sell-at-a-loss","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/628477\/","title":{"rendered":"A quarter of flats sell at a loss"},"content":{"rendered":"<p>                        12:09 AM, 12th October 2026, 18 hours ago                                                    <\/p>\n<p>                                1                            <\/p>\n<p>                                <img loading=\"lazy\" data-lazyloaded=\"1\" width=\"768\" height=\"768\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/10\/UK-Flats-for-Sale_-One-at-a-Loss-768x768.png\" class=\"w-full h-auto wp-post-image\" alt=\"British flats with for sale signs, highlighting falling property values and losses for flat sellers.\" decoding=\"async\"  data- title=\"A quarter of flats sell at a loss\"\/>                            <\/p>\n<p>More than a quarter of flats sold across Great Britain in 2025\/26 after five to 10 years of ownership <a href=\"https:\/\/www.property118.com\/landlord-flat-sell-off-puts-prices-under-pressure\/\" target=\"_blank\" rel=\"noopener nofollow\">fetched less than their previous purchase price<\/a>.<\/p>\n<p>In London, even that length of time left almost four in 10 flat sellers accepting less than they had paid.<\/p>\n<p>The figures, from e.surv\u2019s October house price report, show flats were more likely than houses to sell below their previous recorded price in every region.<\/p>\n<p>Among London houses held for the same period, fewer than 4% sold at a loss.<\/p>\n<p>Flat ownership under scrutiny<\/p>\n<p>The report says: \u201cScotland has a different framework for owning and managing flats from the leasehold structure prevalent in England and Wales.<\/p>\n<p>\u201cThe much smaller gap between flats and houses does not prove that tenure is the cause.\u201d<\/p>\n<p>The report added: \u201cBut it does suggest that weaker flat outcomes may not be explained simply by flats being flats \u2014 smaller homes, different buyer demand or their concentration in urban markets.<\/p>\n<p>\u201cThe way flats are owned and managed may also matter.\u201d<\/p>\n<p>Losses beyond London<\/p>\n<p>Around a third of flats in the South East and East of England sold for less than their previous purchase price after being held for five to 10 years.<\/p>\n<p>The research compared repeat sales using HM Land Registry and Registers of Scotland data.<\/p>\n<p>Across the Midlands and North, the proportion was closer to one in five, while Scotland recorded fewer than one in 10.<\/p>\n<p>Longer ownership did not eliminate losses and across Great Britain, 16.6% of flats resold after 10 to 15 years fetched less than their previous recorded price, compared with 1.9% of houses.<\/p>\n<p>September house prices dip<\/p>\n<p>Meanwhile, the <a href=\"https:\/\/www.esurv.co.uk\/insight\/house-price-index\/\" target=\"_blank\" rel=\"noopener nofollow\">average home price<\/a> across Great Britain stood at \u00a3328,900 in September, down 0.2% over both the month and the quarter.<\/p>\n<p>Quarterly growth had turned negative in August, having remained positive through spring and early summer.<\/p>\n<p>Prices were still 1.5% higher than a year earlier, although annual growth had slowed from 2.5% in May.<\/p>\n<p>Scotland led annual growth at 3.5%, while London was the only region recording a fall, with prices down 2.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"12:09 AM, 12th October 2026, 18 hours ago 1 More than a quarter of flats sold across Great&hellip;\n","protected":false},"author":2,"featured_media":628478,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,111,139,69],"class_list":["post-628477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=628477"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/628477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/628478"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=628477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=628477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=628477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}