UK housing: No country for young men?

UK housing: No country for young men?

Young live here, old live there – this is the finding of the latest research paper by the Intergenerational Foundation when they measured the extent of age segregation across England and Wales.

In its new report, called “Generations Apart”, the IF showed how generations across the UK are drifting more and more apart when it comes to their housing.

IF established a series of tools to measure age segregation in the 25 biggest cities across England and Wales, which together account for approximately 50% of the population.

Generation Rent are the landlord’s best friend

The study’s main focus was to analyse age segregation in individual neighbourhoods within big cities, since these are the places where most of the population are at home. A second focus was laid on finding out how much age segregation is present on the larger scale of urban compared to rural areas.

City VS Country

As anticipated, Generations Apart revealed a significant divide between the age profiles of towns and countryside, which continues to become more pronounced over time. The study had a closer look at the time period between 1991-2014 and found out that in those 13 years, the “median age of rural areas rose twice as quickly as that of urban ones”.

The study found that among the 7,201 neighbourhoods which the ONS divides England and Wales into, there are 487 where the median age is above 50, and 60% of these are found in rural areas; by contrast, there are 337 neighbourhoods where the median age is under 30, all of which are found in urban areas.”

Big City Blues

The growing segregation of age between rural and urban areas was mirrored again on a smaller level within bigger cities. This means the divide between old and young isn’t only one that is happening on a rural and urban level but also one that is happening between different neighbourhoods within a bigger city.

Meet Generation Y!

In more detail, the research paper revealed that

this effect was found to be most striking for young adults (aged 18 to 34), who have become dramatically more likely to live in neighbourhoods that contain only other young adults, predominantly close to the centres of cities. Looking at segregation between all the age groups living in them as a whole, the two most segregated cities were found to be Cardiff and Brighton, while the least age-segregated was Wigan.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT