House price decline makes it easier to trade up

Falling house prices have made it the easiest for five years for those at the very bottom of the property ladder to trade up. However, because prices for larger properties have held their value better it has become harder for families in middle-sized homes to move into bigger properties. The difference in price between an average one- and two-bedroom property is £31,000, £10,500 less than a year ago and the lowest difference in five years. The difference in price between a two- and a three-bedroom home has also fallen – down from £66,264 to £58,436.