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Guardian: Cost Of Moving Weighing In To Slow Market

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Costs hit first-time home buyers hard

Hilary Osborne

Thursday April 20, 2006

The costs associated with buying a first home have risen by almost 100% in six years.
The costs associated with buying a first home have risen by 94% in six years, with increases in house prices and other charges hitting first-time buyers hard.
"Competition amongst solicitors and estate agents has increased as the less buoyant market has meant
less business to chase."
But Mr Gray said further up the ladder the
cost of a move may be causing people to think twice about selling up.
"It's at the top end of the market that people are getting unsettled by headline numbers like £25,000 to move up from a semi to a detached.
"At these levels people are thinking seriously about extending or converting a basement or loft, which can be more cost-effective than moving."

The market is too expensive for its own good it seems.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
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      • up 5%

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