In a new feature for The Times, Black Brick Managing Partner, Camilla Dell shares why young people are leaning towards buying their ‘forever home’ early on, rather than climbing the ever-challenging property ladder.
“In the old days, you might buy your studio, then sell it, then buy your one-bed, then sell, then a two or three-bed, then a family house,” she said. “That pattern, certainly in London, has vanished as a result of extortionately high stamp duty rates. People are moving less and trying to future-proof. First-time buyers want a house that will last them a good ten years.”
Read the full article by Hugh Graham here.