One in five consider cashing in their home
Do you know that one out of five people consider giving up their homes before news or even rumors of devaluation sinks in? Getting off the property ladder to spend in on the value of their home before the prices starts to fall. About 18% of home owners planning to move thought of going into rented accommodation while 14% planning to move are considering renting to save money they have tied up in their home to slow down cash-flow problems.
The survey of a thousand people found that 9% thought of leasing a home after a relationship break-up while 7% of movers were getting off the property ladder by planning to move abroad. And the 3% of those people didn’t want to have a responsibility of owning a home.
