12
Jan
Trading up 'becoming easier'
It is becoming easier for most people moving up the housing ladder
to do so, property portal propertyfinder.com has stated.
A study by the site has found that the recent falls in house prices
have closed the gap between homes with different numbers of
bedrooms.
Those moving from a one-bedroom home to a property with two
bedrooms now need only find an extra £31,000, compared with
£41,500 12 months ago, due to the latter category seeing the
largest price declines.
Moving from a two-bed to a three-bed home is now over £8,000
cheaper.
The one kind of home to buck the trend is four-bedroom properties,
which have seen prices hold up better than other segments as
upsizing to one of these from a three-bedroom home is £9,502
more expensive than a year ago.
In related news, there are signs that the overall number of
transactions is set to rise, a surveyor has reported.
Operations director for Tyser Greenwood Surveyors Roger Russ said
last week: "The feedback from many estate agents is that there has
been a marked increase in activity towards the end of 2008 and
early 2009, with prospective purchasers registering at a greater
rate."
