The Daily Telegraph - Property - - Coverstory -

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.

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