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Reality of the property 'ladder'

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  • Malky
    Malky Posts: 694 Forumite
    Clydesdale's figures confirm an increasingly bleak situation across Scotland, and put disturbingly high figures on the cost to a family of moving from a two-bedroom property to a three-bedroom home.
    The hike in cost for such a move, the survey reports, is worst in Aberdeen, where the average sum paid for moving into a larger property is £175,000. Over the country as a whole the price leap from two-bedroom terrace to a three-bedroom semi-detached is on average £93,000. Even at the lower figure, which masks the reality in several of Scotland's property hotspots, the income required to buy more space is often beyond the means of those who most need to move, and entails taking out a burdensome and sometimes unsustainable mortgage. The price of progressing from a starter flat to a family home is in danger of moving beyond the reach of many

    I guess I must have got lucky last year. Moved from a 2 bed flat in Aberdeen to a 3 bed semi in the same area for just £20K. I'm sure there's a lot of people not as fortunate to move up for so little.
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