Population growth to drive buy-to-let over coming decades

Posted: 16 Oct 2006 14:58:34 GMT


            Property News - Population growth to drive buy-to-let over coming decades

The buy-to-let market is likely to see sustained growth over the next quarter of a century as official figures show population increase of more than six million up to 2030

The buy-to-let market is likely to see sustained growth over the next quarter of a century as official figures show population increase of more than six million up to 2030.

The number of new UK citizens far outstrips the predicted property supply and means that a greater proportion of the population will be renting than recent historical trends.

The Office of National Statistics figures predict that the number of people living full-time in the UK will rise to 56.4 million by 2029.

Much of the population growth will be due to immigration and much of the growth will be based around the UK's already overcrowded economic hotspots.

London is expected to grow by 20 per cent over the period, followed by the south-west with 16 per cent growth and the south-east on 15 per cent.

The north-east will see the lowest growth, of just four per cent. The number of people in the UK passed 50 million in 2004, with 83 per cent of the population living in England.


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