Many are making the lifestyle leap before they retire, for social and financial benefits.
The property market has long been a fundamental way for British families to build wealth, and the past decade has been no exception.
In 2013 the average detached property cost £268,000, according to the Office for National Statistics. Today, that figure has jumped to £457,222. While not everyone would have managed to ride this wave to the top of the property ladder, many baby boomers are now in a large family home – and sitting on a tidy amount of equity.
Rather than waiting until they are no longer able to maintain a large property before making a move to somewhere smaller, many “young” downsizers in their 50s and 60s are selling up to release some of the cash tied up in their homes.
Moving from an average detached home to a smaller property in one of the 15 most popular downsizer locations could release between £120,000 and £350,000…….
… The 10th most popular place for young downsizers is Pembrokeshire
The Daily Telegraph 21st January 2024
If you are looking to move to Pembrokeshire, Carmarthenshire or Ceredigion, give West Wales Property Finders http://www.westwalespropertyfinders.co.uk a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money too.