Home ownership is falling starkly in the UK, according to new research by high-end property firm Savills.
The third issue of the Residential Property Focus 2015 shows the rate at which home ownership has dropped since 1960 and the rate at which it is predicted to keep dropping for those born in the 1980s and 1990s.
While 53% of those born in 1960 could look forward to being home owners by the age of 30, just 35% of those born in 1980 have achieved that same dream. It’s also projected that only 26% of those born in 1990 will own their own home by the time they reach 30.
By the age of 40, the majority of people born in 1990 are expected to be in rented accommodation, with only 47% set to own their home.
A fall in home ownership levels, though, is a further boost for the already burgeoning buy-to-let sector, a sector that is growing in popularity year by year.
Quite simply, falling rates of home ownership mean rising rates of renters, so the growing situation in the UK creates a substantial opportunity for those looking to make their money work for them by investing in residential real estate.
Alongside this it is important to remember that the area in which you invest is important too. As we at Osprey Lettings continue to recommend throughout the East Midlands, total returns from residential property investment are a good mix of rental yields, capital growth and underlying rental growth; all of which combine into an attractive investment proposition.
We continue to be busy across our offices in Kettering and Oakham seeking investment properties for our clients who seek to enter the market, or existing landlords looking to expand their portfolio. Our search is not simply restricted to these local markets either, and we are active in the wider East Midlands market, for example in Northampton, Peterborough and Leicester.
If we can be of any assistance with your search for property investments, or offer advice on lettings and management please do let us know.