So we know that UK house prices are falling but it’s important to remember that you are buying and selling in the same market.
Let’s do the sums on this one. If house prices fall by 5%, that means your current property sells for 5% less than it would have done. Now before we get too upset about that, let’s remember what that means – that more expensive property you are buying will also cost 5% less! 5% of a bigger price tag equates to more that 5% of a smaller price tag so if you are upsizing, you could be substantially better off in a falling market. Find out more about buying and selling in today’s market here..