The UK population is set to grow by 3M
The population of the United Kingdom is set to grow by 3 million, or 4.5%, over the next decade, according to the latest population projections released by the Office for National Statistics this month.
80% of the increase will be among people aged 65 years plus. This age bracket set to account for one fifth of the total UK population by 2028. The number of people aged over 80 years is projected to rise by over 1 million.
Over one fifth of people expects to downsize to a less expensive home to provide income for their retirement. Recent research reports that removing the stamp duty burden for those aged over 55 would encourage many to downsize.
An estimated 40% of the UK’s housing wealth (estimated to be over £7 trillion) is in households aged over 65, with more than 60% of this age bracket mortgage-free. Finding housing solutions for this demographic is crucial in unlocking the current housing shortage.
Making the Most of Online University in Your Uni House
17th September 2020
It is no lie that this year has been hard for everyone, our everyday life has been completely changed and…
Your contents. Covered.
1st September 2020
Confirm your FREE contents insurance Your contents. Covered. By partnering with Endsleigh, the No.1 student insurance provider, we’ve arranged contents…
Finding your first student house in Brighton
20th August 2020
If you’ve just got your A-level results and secured your place at university, moving to a new city and away…