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Summary of Key Socioeconomic Trends in the UK with Relation to Property

Summary of Key Socioeconomic Trends in the UK with Relation to Property

  • Reduced housing affordability for private renters and aspiring homeowners
  • As a result of this, the decline in the number of new homeowners in the UK and more expensive rental rates within the private rental market
  • An increase in the average time spent commuting to work; as house prices and market rents are usually relatively cheaper the further you are away from urban metropolitan hubs
  • With this viewpoint in mind, reduced quality of health and work-life balance due to the increased commuting time/distance

 

Source of Information:

  1. https://www.theguardian.com/uk-news/2017/nov/07/birmingham-uk-city-oxford-reading-pwc-demos

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