Jobs

News

Families selling up and renting

Around one in five families who are planning on moving are thinking of renting once they've sold their properties, they will then buy another property once prices have fallen. This is according to some research conducted by an address-book website. What do you think? Is this something you would consider? Or this dangerous in case you have difficulty getting back on the property ladder?

AB Asks Fri 28/03/08 09:25

<< Previous

Next >>

Subscribe to question

Post an Answer

sense4all
Fri 28/03/08
09:43

It depends what part of the country you live in. The savings would have to be huge here on the edge of London to negate the five per cent stamp duty you are likely to incur on the move. In the mean time the local property market moves on regardless, due to persistently high demand. The housing market would have to look like seriously imploding, big time to encourage me to take such a gamble.

Loosehead
Fri 28/03/08
10:47

there's no stamp duty for selling and you'd pay less when getting back in as it where. It's a gamble but i do think it's very likely that some sort of correction will occur.

Twenty20
Fri 28/03/08
12:02

Great news, speaking as a landlord

sp1214
Fri 28/03/08
14:34

It was the change to easy money that fuelled the housing boom. Now that reality has set in normality can resume.

Jenga
Sat 29/03/08
17:05

Not worth the risk!

weeal
Sat 29/03/08
17:07

I sold up, moved in with someone, now back in a rental and cant get back onto the property ladder - bad move !

Post an Answer

Submit the above question and answers

add to del.icio.us	add to digg	add to furl
add to reddit	add to Technorati	add to Blinklist
add to StumbleUpon	add to squidoo	add to ma.gnolia
add to Cocomment	add to Netscape	add to Fark