The UK’s population has increased by a record 7% (4 million) in the last decade to just over 63 million– this is the equivalent to adding the entire city of Manchester every year. 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. Here are the top five reasons why you should be investing in UK property.
No.1 ECONOMIC INVESTMENT
Despite the economic questions over Brexit the UK Government has made significant commitments to increase national infrastructure , creating an even greater rental demand across commuter areas, market towns and putting lesser known regions firmly on the rental map
No.2 POPULATION GROWTH
The UK is now more populated that any other major country in the EU OR G8. With 402 people for every square kilometre , population density is 4 times that of France and in the next 20 years will be the double of that of Germany– a country which is almost three times larger
No.3 HOUSING SUPPLY
The latest Government estimates suggest that around 250,000 new properties need to be built in England every year just to keep pace with demand. However the number of new homes actually being built is as low as it was in the 1920s. This places a greater demand on existing housing stocks and new developments.
No.4 RENTAL DEMAND
Demand for rental property has doubled since 2002. With the global pandemic dramatically shaking the foundations and financial certainties of first time buyers, families and professionals this figure is sky rocketing currently with reports suggesting that within 5 years, nearly 25% off the population will be renters– great news for buy to let investors.
No.5 RISING RENTAL YIELDS
Rising demand on the rental market has seen an increase in annual yields. Stability in the UK property market is well known worldwide and a buy to let investment is regarded as a tangible asset by investors
Take control of your future with buy to let property. To find out more , speak to one of our investment specialists about the discounts, incentives and locked in prices available in developments across the UK.