UK Housing Market Twice as Nice for Baby Boomers

 

esearch released by Resolution Foundation reveals that one in 10 people in the UK now own a second property. Of which, more than 50% are from the baby boomer generation born between 1946 and 1965. With a further 25% coming from generation X, born between 1966 and 1980.

Multiple home owning is also concentrated in the South of the country, with 59% of private landlords coming from four regions; namely the South West, South East, East of England and London.

https://www.buyassociation.co.uk/2017/06/26/preston-might-countrys-next-property-investment-hotspot/

The Think Tank’s findings also show that the accumulation of housing assets for the UK’s younger generation is becoming harder. Comparatively speaking, by the time the baby boomers reached 30, nearly two thirds of them owned their own homes, compared to 43% of millennials at that age.
Multiple property ownership in the UK has proven to be a highly successful strategy for wealth accumulation both in terms of planning for retirement as well as providing an immediate source of rental income.

Laura Gardiner, the Resolution Foundation, said: “…holding assets in more than one property has grown in recent decades, and can be a huge boon to both wealth and incomes. The second home owners are mainly adults in prime age or early retirement, are rich and wealthy even among their peers, and are most likely to be living in the south of England. Of course there are individual exceptions, but stepping back to the big picture: if you were painting an image of society’s affluent, this would be it.”

Source: The Resolution Foundation

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

UK Housing Market Twice as Nice for Baby Boomers

UK Housing Market Twice as Nice for Baby Boomers

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.