Town and Country Herts & Essex, continually look at what’s happening in the local property market. As a result, every time we come across new information, we cannot wait to share it with you. Therefore, here is the latest data released about downsizing. This is a question we come across almost everyday here at our headquarters in Harlow, Essex.

Have a look at the graphic. Pay particular attention to The East of England. It includes Hertfordshire and Essex.

• Downsizing to a smaller home can be an opportunity for those looking to save money. Therefore 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. Therefore there is 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. Therefore they 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)

TOWN AND COUNTRY HERTS & ESSEX.

CHANGING THE WAY ESTATE AGENTS WORK!