Those planning on moving house could be interested to learn that one property expert believes now could be a "potentially good time to buy".
Moving house can be an ideal time to update
home insurance to make sure that any accidents or breakages in the home are adequately covered.
According to FirstRungNow.com, the "rapid decrease" in property values could give first-time buyers the chance to get on to the property ladder.
Helen Adams, managing director for FirstRungNow.com, commented that first-time buyers who have a "hefty deposit" or a guarantor could find this an ideal time to purchase a property.
She said: "I think the industry pundits have generally said that we're still in for a ten to 15 per cent drop in house prices."
Ms Adams said that people may have already taken this into account when deciding whether to buy or sell a home.
InsureandGo home insurance can provide cover for those moving house to ensure that any breakages or accidents are sorted out quickly and with low impact on the penny pot.
