Just like their Australian cousins, most Britons regard home ownership as a good in itself. It is thought to be a panacea for all sorts of social ills, a tool for regenerating run-down areas, a safe investment for retirement, and a key to building a stable democracy. You can spend the whole week watching all sorts of ‘property porn’ shows on British TV that tell you how to build, buy, renovate or sell your home. Politicians regularly talk about it in terms of ‘aspiration’ and promise help for first-timers to step onto the property ladder. Yet there is a dark side to Britain’s property mania.
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