Property News · April 24, 2017

Canals offer alternative to London property ladder


The capital’s waterways give a growing number of residents affordable berthsRichard Hagan knows exactly why he likes living on a narrowboat on London’s canals. “It’s the sense of community. You can ask anybody around you, at any particular time, for anything, and they will happily help you out.”The 32-year-old South African bought his 36ft-narrowboat six years ago for £14,000 as a way out of London’s rental trap. “My parents cashed in some shares and gave me the money to buy outright. I went from paying £80 a week in rent and sharing a room with a friend in Finsbury Park to having my own place.” Continue reading…

Source : theguardian.com
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