Savills is hosting a life-style buyer event on 23rd October 4.30pm to 7.30pm
Recognising that family finances are becoming increasingly intertwined, Savills is hosting a life-style buyer event in Edinburgh (on 23rd October*), where Canonmills Garden, a budding new community in Edinburgh, will be on show. The apartments at the new development, set in carefully designed gardens by the Water of Leith, are being snapped up by the full age spectrum of buyers, from grandparents to millennial grandchildren.
While many millennials are struggling to save for their first deposit because of the rising costs of rented accommodation, some more mature buyers have benefited from rises in the value of their properties over the years, others are lucky enough to benefit from generous pensions and good fortune on the stock market over the last few decades. Indeed according to Savills research, the over 55s now account for 75 per cent of all housing equity in the UK.
The event is open to all : contact louise.bastiani@savills.com / 0131 247 3713 to reserve a space.
Savills life-style buyer event will take place on 23rd October at Savills 4.30pm to 7.30pm at 8 Wemyss Place, Edinburgh. Independent experts will be on hand to answer queries on a whole range of issues from Help to Buy, Land and Buildings Transaction Tax (LBTT) and tax efficiency. A wide choice of contemporary properties will be on display which will appeal to first timers, second-steppers, families and downsizers.
We are seeing more money than ever before flowing from grandparents, to parents, to children buying their first property, often in a way that is tax efficient for the family as a whole. An equally interesting trend is a narrowing of what buyers want across the generations: Young and older buyers alike are putting well being, access to outdoor space and proximity to city centre living at the top of their wish list, all of which is on offer at Canonmills Garden.