At some point in your London life, if you are here for any medium to long term period of time, you will have it: the property conversation. It won’t happen at first of course. You’ll have too many cool things to do and see, but eventually, you will start to peruse
realtors’ estate agents’ windows with something approaching avarice in your eyes. You will find yourself in the pub on Friday night with your friends saying things like, “I mean, we can’t rent forever. That’s no good, is it?” and “On average? £300k for a 2 bed! That’s exactly why we’re looking in that area!”
It doesn’t happen everywhere. There are plenty of places in the world — in fact in the rest of Europe — where people are quite happy to rent an apartment all their lives, but there is an Anglo-Irish obsession with owning a space and declaring it their own. If I speak in disparaging tones, they are also self-deprecating ones. I feel like my beloved and I are always thinking about where we can get more space, whether we can keep our place and buy another, how we can work the variables. With this in mind, I give you this intriguing study from our friends at reallymoving.com, based on 34,000 Londoners who used the site between January 2012 and August 2013. It’s pretty fascinating and a little bit surprising, especially for Londoners with an almost instinctual eye on the property market. Love to hear your thoughts on it. Enjoy and Happy Monday!