Manchester Property News
Downsizing opportunities
Downsizing to a smaller home can be an opportunity for those looking to save money, and enjoy the equity freed from their home sale. The average price difference between a 3+ bed house and a 2-bed flat in the UK is £161,728.
The scale of equity released by downsizing is most significant in London and the South East, with an average equity release of £516,436 and £342,291 respectively.
All UK regions, with just one exception have a price difference between a 3+ bed house and a 2-bed flat of over £100,000.
Those with significant housing equity are often able to downsize to a property with less maintenance and enjoy a better lifestyle. Cash released may be used to help children and grandchildren onto the property ladder. Source: Dataloft, Land Registry (12 months to end of December)
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About The Blog
This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
Manchester is one of the fastest growing markets in the country. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.
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