Sunday, Nov 19, 2006

FTBs buying abroad, we don't believe you...

Firstrung: Are first time buyers really looking abroad to get on the first-rung?

The Firstrung team always struggle with the logic that 'priced-out' first time buyers are rushing to former remote parts of Europe to set up home simply to get onto that much fabled first-rung. The anecdotal urban myths are beginning to sound a little worn by now, you know the script; "Riga, capital of Lativa, has experienced 30% growth in the past year....buy now before you lose out!" Lose out on what exactly, a 12 hour commute to work, or is the image being peddled that we can all work anywhere in Europe on UK wages if we have access to broadband and a laptop? What nonsense.

Posted by converted lurker @ 03:20 PM (411 views)
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