Why It's The Perfect Time to Downsize in Christchurch's Current Property Market
- Nick Dwan
- May 30, 2024
- 1 min read
Rising property prices:
The current housing market in Christchurch, New Zealand is experiencing a trend of rising property prices. This means that selling your current home could potentially result in a higher sale price, allowing you to downsize to a smaller property and have some extra funds left over.
High demand for smaller properties:
In Christchurch, there is a growing demand for smaller, more affordable properties. Downsizing your home at a time when there is high demand for smaller homes could make it easier to sell your current property and find a suitable downsized option.
Changing lifestyle:
If you are looking to simplify your lifestyle and reduce maintenance costs, downsizing to a smaller home can be beneficial. Smaller properties often require less upkeep and may have lower utility bills, allowing you to save money in the long run.
Aging population:
As the population in Christchurch continues to age, there is an increasing demand for retirement-friendly housing options. Downsizing to a smaller, more manageable property can be a good option for older adults looking to downsize and simplify their living arrangements.
Financial considerations:
Downsizing your home can free up equity that can be used for other purposes, such as investing, travel, or paying off debt. With the current housing market conditions in Christchurch, selling your home and downsizing to a smaller property could be a financially savvy move to improve your financial situation.
For trusted Real Estate advice and guidance for the Christchurch market, get in touch with Nick Dwan for an obligation free chat.
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