A surprising new pattern is emerging as young London families struggle to cope with these tougher economic times, reports Homes & Property today. In an attempt to meet rising household expenses and university tuition and school fees, families are selling up, taking a cash bonus out of their homes and downsizing.

They are discovering that by selling their home in the capital they can expect a typical cash windfall of £270,000 if they move to a cheaper property, according to new research. In the past, downsizing was usually the preserve of older couples whose children had left home. Now, more than 30 per cent of movers are in the 36-plus age bracket.

Some owners are switching to lower-priced London boroughs, others are fleeing the capital to get more for their money in the home counties, where property prices are flat or falling — and developers are willing to do a deal.

Most families seeking the perfect combination of a manageable commute and a good-value home also want a quick dash to the station and an easy school run.