Families who have turned their backs on the struggle to own their own homes in the overheated property market say they have few regrets – even if it means being priced out forever.
The proportion of single-family homes being built for rent has doubled in two years as corporates eye up those who have had enough of paying a mortgage.
Analysts warn that the trend will only drive prices higher for those determined to buy, but the temptation to halve their housing costs and ditch the worries of ownership is proving hard to resist, with a third of all rentals now single-family homes.
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