5 things you should know about the UK property market
Posted by: John Cooper / Category: UK Property Market1. We have had 4 PROPERTY BOOMS. 1971-73, 1977-80, 1985-89 AND 1998-2007.
And you know what they say? History just loves to repeat itself…
2. UK population has grown from 9m to 61.6m.
That is roughly 1m extra people every year that YOU can offer a home to.
3. Single person households have increased from 20% of the market place to 33%.
As a nation we are living longer, and unfortunately divorce rates have risen alongside it.
4. Home ownership has fallen from 70% to 68% of the market.
It’s not that surprising that home ownership still dominants the market place, but here is the thing… constrained by low levels of lending, huge deposits and limited finance, more and more people are looking to escape the restrictions of mortgages and are renting instead.
5. UK property prices have risen from £2,507 to £162,085.
That is an impressive 6,400% increase, despite 3 recessions!
There’s a load of opportunity for property investors! Click here to become one!
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Tags: home ownership, single person households, uk population, uk property boom, uk property prices
