Around 18% of homeowners ready to sell houses are considering moving into rented accommodation. These owners are willing to gamble that the market will tumble over the next 12 to 18 months and are hoping to sell whilst property prices are high and then buy again after a hoped for property crash.
A further 14% are considering moving to rented accommodation to free up capital to ease the burden of debts, according to a survey of 1,100 people moving house by iammoving.com.
But it is a risky choice to rent in the hope of a property crash. An average property has to fall by 7% in value before you recover purchase & sales costs and stamp duty.
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