Friday July 10, 2020

Your Money: Weighing up the costs of downsizing

There are a number of factors to consider before you decide to move to a smaller property, writes Danielle Ryan.

30th March, 2014
You need to be switched onto the property market before you decide to downsize. Picture: Getty

There's cautious optimism that the Irish property market is turning a corner and trading down can seem like a natural next step for some older homeowners.

With the kids gone and empty nest syndrome kicking in, some couples start thinking that having some extra cash for retirement is more important than holding on to the old family home.

Given all the recent positive speculation on the housing market, you'd be forgiven for thinking you should...

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