06.03.2012 - Europe: Meet the rentysomethings
While demand for European high-end property has held up in the face of economic turmoil, the lower end of the residential property market has not fared so well. But a handful of European institutional investors have spied opportunity amid the mid-market residential gloom. They are putting in place strategies to target suburban properties, far from the prime real estate of urban centers. And the U.K. rented sector is in their sights. In particular young professionals who earn too much to qualify for social housing but cannot afford to buy their own homes. The so-called "rentysomethings"..............................................Full Article: Source
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