Damn… I knew I was going the wrong way! Sold our 5 bedroom detached house in Scotland, and will be buying probably a 3 bedroom… perhaps 4 bedroom… terraced house in a few months. Probably.
That said – we are sitting things out for 6 months, so lost 15k on the sale, and should hopefully more than make that back on the purchase due to the falling market…. so hopefully we will come out ontop. I think if we stayed where we were there was a strong liklihood that we would have found ourselves with no equity, or quite probably negative equity since the talk is of prices halving from peak to trough. So glad we got the house sold otherwise we would have been stuck where we were for quite few years… and I would have had to keep commuting 200 miles each way as I had been for the last few years until I got utterly sick of it!
Now… if prices fall enough we may be able to afford somewhere with a garage!!!! Not that there are many of those in these parts, unless you go for an estate house, and not really wanting to do that.