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Families selling up and renting

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AB Asks | 09:25 Fri 28th Mar 2008 | News
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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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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.
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.
Great news, speaking as a landlord
It was the change to easy money that fuelled the housing boom. Now that reality has set in normality can resume.
Not worth the risk!
I sold up, moved in with someone, now back in a rental and cant get back onto the property ladder - bad move !

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