Here’s an important article from the UK’s Independent. It reports that renting a property is now cheaper than buying in over half of British cities, according to new data, suggesting that house prices may be approaching a peak. Property website Zoopla analysed the monthly cost of renting a two-bedroomed home, compared to servicing a mortgage, in the country’s 50 largest cities.
Renting property now cheaper than buying in half of UK cities | The Independent
It’s not surprising that property owners are wary – the economic impact of Brexit is finally dawning on on the elderly voters who were swayed towards voting for Brexit. But the news gets worse by the week. Many property owners took exception to the proposed ‘Dementia Tax’. Now they’re scared of a Corbyn led coalition.
For me, the choice between May and Corbyn is a false choice. As I argued in an earlier blog:
Corbyn’s Britain will be a toxic meltdown but surely May’s will precipitate an economic, social and political train-crash? Bring on Britain’s Macron!