Property’s ticking time bomb

Published by Globrix
on Tuesday, 11 January 2011
We’ve long known that Britain’s typical family is getting older and smaller, but what you may not have realised is that this demographic transformation is likely to have a big impact on the housing market.

According to local government projections, the number of UK households will grow by over 250,000 a year, up to 27.8 million, by 2031. This will be driven primarily by an ageing population, where households comprising of people aged 65 years or more will grow from 25% of the total in 2006, to nearly a third (32.1%) in 2031. This trend will swell single occupancy dwellings from 31% of the total to 39% in the next twenty years.

Globrix research analyst …

Tags: demographic, family, household, housing market, property, single occupancy, supply

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