Affordable Property


Sell My House Quickly in Reading

Sell My House Quickly found another interesting article about properties in Reading. Home-seekers despair as affordable property vanishes from UK hotspots.

Affordable Property

Lockdown exodus from big cities further complicates housing crisis in attractive parts of the country.

Jonathan Taylor was pleased by his first peek at a sparkling new studio apartment that could one day become his home. The 24-year-old from Exeter has been living in YMCA accommodation since he was 19. But, as he viewed freshly painted white walls. The reality of a more settled home dawned.

“If I lived in this place I’d feel more important,” he said. “I’d feel I’ve landed on my feet.”

Taylor, who juggles cleaning jobs at a builders’ merchant and a pub, is a victim of what many fear is a deepening housing crisis in the Devon cathedral city fuelled by surging house prices. The spread of short-term Airbnb lets and rising social waiting lists.

It means the chance to rent a decent, affordable home like the one Taylor is viewing is vanishingly rare. The fact Taylor may soon be given a chance to move in is down to YMCA Exeter. Which is converting a former Poundstretcher warehouse into 26 homes for priced-out young people for a £140-a-week rent – well below the market rate.

The small attempt at a solution comes as Exeter and many other parts of the UK are facing a new challenge to further complicate the housing crisis. The arrival of metropolitan homebuyers seeking more space and less stress. Pandemic exiles are selling up high-value homes in places such as London and snapping up bigger properties for a fraction of the price.

We found this article about Home-seekers despair as affordable property vanishes from UK hotspots on The Guardian. Kindly click the link to read the full story.

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