The United Kingdom is a developed country and has the world’s fifth-largest economy by nominal GDP and ninth-largest economy by purchasing power parity. It has a high-income economy and has a very high Human Development Index rating, ranking 14th in the world.
The latest census shows the UK’s population has increased by a record 7% (4 million) in the last decade to just over 63 million – which is almost equivalent to adding the entire city of Manchester every year.
In the next 20 years the number of UK households is expected to reach 28 million – an increase of around 250,000 households each year. During the same period, single person households will increase by a further 3.2 million – accounting for 20% of all households – placing an even greater demand on available housing stocks.
The UK is now more full than any other major country in the EU or G8. With 402 people for every square kilometre, our population density is four times that of France and in the next 20 years will be double that of Germany – a country, which is almost three times larger ours.
The latest Government estimations suggest that around 232,000 new properties need to be built in England every year just keep pace with demand; however the number of new homes being built is now at the lowest levels since the 1920’s.
Since 2002, demand for rental property has almost doubled. Rental properties currently account for just 11% of the total housing stock, which is great news for buy-to-let investors.
Top 5 reasons to invest in UK
Politically and economic stability.
Record levels of population growth.
Housing supply at 100-year low.
20% of population will rent within next five years.
Rising rental yields.
House Price Growth.