My house is yours

Sarah Beeny takes a look at the American practise of house-swapping as a means of moving home and wonders if it could work here… Only the most optimistic of industry watchers would say that conditions in the UK property market aren’t tough. The credit crunch, the lack of availability of mortgage finance for both first-time buyers and those with equity in their properties, and anxiety over the state of the economy in general have led to what is, at best, a pretty stagnant property market. Meanwhile, in the United States, where the credit crunch originated, the property market is suffering more seriously from a lack of activity. Developers are desperate to sell units, estate agents have been going out of business and the number of repossessions is up sharply. However, there may be a solution of sorts on the horizon for a few out there. For years, Americans have used...
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