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Which part of the UK are you in? I knew there was a growing housing problem nationwide, but it's always interesting/depressing to hear specifics. I'm in Aberd

Which part of the UK are you in? I knew there was a growing housing problem nationwide, but it's always interesting/depressing to hear specifics. I'm in Aberdeen, and I've noticed the same kind of issue, except here renting a two-bed in a not-crappy part of town is £1,000+ per month. A crappier area, like where I live, is between £700 and £800. A nice area is in the region of £1,500. Here, the (currently stuttering) oil industry has had a huge intensifying effect on price rises, both by putting more well-paid people into the rental market and by creating a larger than average pool of Buy-to-Let landlords looking to invest their oil earnings in property "for their retirement".

lucaspiller 11y ago
I'm not there anymore, but this is West Dorset. It's a nice place to raise a young family, but the job prospects are few and far between. It's a bit too far to commute to major cities unless you want a 3+ hour drive or train journey each day. Unless you are happy working in Tesco or being an office administrator, all young people will gravitate towards London. The biggest industry is tourism, but that of course is very seasonal. There is a lot of new development going on (around 60/40 split between green and brown field) most of it being retirement apartments. They are a great idea as they create jobs and relieve housing demand, but at ~£300k they are well out of the price range of most local people.