The Millennial Guide to Alternative Property Investment - Nova
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It is a tough time to be a millennial graduate – particularly if you plan on buying your own home. Living costs are high, job security is sparse, and the property market can make the simple dream of owning your own home feel remarkably distant. But for those who still hold aspirations to get started with property investment, there is hope – in the form of a new and pioneering method of investing which are ideally suited to millennial attitudes, abilities and circumstances.

Reassessing the Housing Ladder

For many years. graduates have been simultaneously told how important it is to get on the housing ladder, and yet consistently blocked from realistic avenues of making this a reality. There are many things standing in the way of getting a mortgage as a millennial; having only one salary, being a freelance worker, unstable working conditions and an inability to call on the famed ‘Bank of Mum and Dad’ for help with the (often sizeable) deposit needed to buy even the smallest of properties. UK millennials are falling behind other nations when it comes to home ownership, but a lack of affordable housing and the rent trap aren’t helping to alleviate the situation any time soon. That’s why a new, smart approach to property investment is needed – one which recognizes the strengths and needs of ambitious graduates.

Seeking Alternatives

Instead of burdening yourself with a mortgage, why not pursue some of the other options available within property investment? With so many graduates frequently relocating for work, the appeal of the traditional route has diminished substantially, just as methods of getting a foothold on the property ladder become ever more complex and unobtainable.

Digital Investment for a Digital Age

While this might all sound quite bleak, there’s much to be said for taking a fresh look at some of the alternatives to conventional investing. A digital property investment platform is ideally suited to millennial needs, offering the chance to begin building a property portfolio without having to adhere to some of the antiquated criteria for getting a mortgage. Instead, users simply pick and choose the properties they want to invest in, all through your chosen mobile device.

Sound too good to be true? You could soon be joining others like you who have spent years thinking they’d never be able to invest in property but are now busily beating the odds – all without having to compromise.

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