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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?
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For more on marking an answer as the "Best Answer", please visit our FAQ.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.
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