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When property goes up and down, which end of the seesaw benefits who?

Is it better when prices are rising or falling? This question is relating to home owners who are moving up or down the property ladder, not first time buyers. Thank you in advance for your opinions.

Asked on Sep 20 2011, House Prices in London | Report content

Answers (1)

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  • You can do well to sell and move up the property ladder when property prices are falling. One example would be selling a property which was valued at £325,000, but then the market drops by 10%, it is now worth roughly £292,000. You sell and buy a house which was worth £650,000, but then dropped 10%, and is now worth £585,000. The loss is almost double for the higher valued property. When prices rise, the reverse will happen, making you money. So when prices are rising, you are better off downsizing, if you want to free up equity. Of course there are many variables. Different areas, properties etc…

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    Answered on Sep 20 2011, Report content

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