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Friday 8th of August 2008 07:29:33 PM  

 

Investment Property News - Bueno Investments Limited


Movers Set To Leave Property Ladder

Almost one in five movers is thinking about getting off the property ladder in a bid to cash in on the value of their home before prices fall, hew figures have revealed.

Some 18% of homeowners who are planning to move said they were thinking of renting in the hope they could sell their home towards the top of the market and buy another once prices have fallen, according to change of address website iammoving.com.

Most house price indexes have shown slight falls in home values in the past few months, amid a market suffering from the impacts of stretched affordability and tighter lending criteria.

But while most commentators expect house prices to end the year at about the same level they started it, some are predicting falls of up to 10% over the next two years.

A further 14% of people planning to move are considering renting because they need to free up some money in order to ease cashflow problems, the research found.

Copyright © PA Business 2008

http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.iammoving.com (IAmMoving.com)




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