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Tuesday, December 14, 2010

The rise of the rent generation

The Telegraph reports on the move away from the aspiration to buy your first home. Giving anecdotal evidence in the form of some London professional renters who don't feel the urge to jump on the property band wagon.

Do we see this as a generation moving away from Britain's love affair with property to a more European style of long term rental?

Well, no! It's a sign that the housing market is stacked against first time buyers jumping on the ladder and that journalists were struggling with a 'no news day'.

The reality is that most young people still want to buy, but can't, and as pinpointed by this recent BBC article this will continue to stifle the Uk property market.

NB- We have now purchased a ipad stylus so expect more self penned illustrations from us, it brightens the site up a bit.....

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