What Property Ladder? by Heather Hilder on September 24, 2019 “What Property Ladder?”During the boom years, if you were minded to move house you simply got on and did so! Any delay in moving up in a rising market could prove expensive. This was because the property you were buying would inevitably have appreciated more in cash terms than the one you were selling. Moving up the property ladder was all the rage. Speculation, aspiration and wealth creation prompted a culture of expected property inflation, supported by “generous” lending by the banks.Today of course, we have all matured and we see the market for what it is – not really a market at all. A “market” suggests investment, trading, risk and profits. However fewer people currently buy purely from a speculative perspective hoping to profit from a move. We suggest this is especially due to today’s higher stamp duty regime.Moving motivationsAnd yet we have a solid market where those who are moving up are not doing so because they feel they should or because of greater equity appreciation, but because of a tangible need. The reliable old motivations such as a growing or shrinking family, job move, death, divorce, debt, lifestyle change etc are the key drivers of today. These are real people with real issues, both positive and negative, which drive their desire to move (plus buy-to-let investors seeking to take advantage of today’s high rental yields).From our perspective as estate agents we find this environment to be healthy and productive. We enjoy using our skills to understand and anticipate people’s needs so we can help them move.If you have a property need of any description, you’ll find that we’ll listen, understand and gently guide you towards the right decision for you, your family and your future. It’s what we do, and we love it! Feel free to contact one of our friendly consultants on 01273-735237.