Mark Parkinson of Middleton Advisors was quoted in the Financial Times in April, “It’s surprisingly easy to get wrong”. He says the number of parents buying a property for children of school age, and then renting it out until the child needs it, has increased during the past three years. Budgets typically range from £700,000 to £1.5m. “We’re telling people to avoid soulless glass boxes in large developments because we believe that prices are going to soften,” he says, citing Nine Elms in Battersea as a London neighbourhood oversupplied with new-build apartments. “That market is only going one way — they may be a good buy in a year’s time.”
