UK Property Market Looks to go 'Continental'

We now drink expresso, men wear scarves not to keep warm but just to look stylish, and apparently more of us are looking to rent property,........ like the 'continentals' do.

All those cheap flights to Europe have obviously had an effect on the way we see ourselves and our priorities in life and not just on the state of our liver and bank balance.

According to research by Unbiased.co.uk

• 1.75 million homeowners would now consider selling their home.
• 31% of renters say it gives them more freedom.
• 12% of renters state they no longer aspire to owning their own home

Karen Barrett, Chief Executive of Unbiased.co.uk comments “It has also caused renters to think about their long-term options, and while some still want to get on the property ladder despite the recent crash, many have now decided that the British status symbol of owning your own home no longer has the same importance. "

The question is whether this current 'continental thinking' is just a temporary reaction to the negativity in the UK property market or whether it is part of a longer term shift in mind set from the UK population.

If it is a longer term shift the world of property management can expect demand for well managed rental properties to increase over the coming decades as more of the UK turns 'continental'