1 Ordinary people now have property portfolios. 2 Renting for the Friends generation is an economic necessity. 3 A second home in the country or abroad isn’t unusual.
Property is the new pension.
The “über rich” have created a new super tier of expensive houses.
The middle-aged gapyear is being funded by property equity.
The baby boomers have become Dinkies, Ski-ers and Saga louts.
Micro-living, from the surf pod to the student crash pad, is chic.
Lending products such as fixed-rate and longhaul mortgages are thick on the ground.
As markets have gone global, so Acacia Avenue has become vulnerable to chaos theory.