Half of all UK property could be second homes or rented out by 2026
It was nice to see today's London "Evening Standard" featuring my quote that half of all UK homes could be second homes or let out to tenants in 20 years. (Page 34 of the Home and Property Section, if you are interested.)
Actually, to be honest I think this is probably a bit on the high side. I think the actual figure will be more like a third... but a half is not an impossible figure.
There are 8 main factors that will drive this process forward and I will look at each of these over the next week or so in this blog.
But before I start, do I think it is a good thing for society?
No, not really.
Ideally, it would be good if everyone could have a chance of owning their own home.
But the economic forces that exist today are I think unstoppable unless there is a major turn around in government housing policy.
So, keep checking the blog each day as I start to look at the forces that are driving buy to let and growing second home ownership.
Actually, to be honest I think this is probably a bit on the high side. I think the actual figure will be more like a third... but a half is not an impossible figure.
There are 8 main factors that will drive this process forward and I will look at each of these over the next week or so in this blog.
But before I start, do I think it is a good thing for society?
No, not really.
Ideally, it would be good if everyone could have a chance of owning their own home.
But the economic forces that exist today are I think unstoppable unless there is a major turn around in government housing policy.
So, keep checking the blog each day as I start to look at the forces that are driving buy to let and growing second home ownership.
This entry was posted by lettingfocus, on
Wednesday, October 25, 2006.
