Saturday, April 26, 2008

Opportunity in UK land

The UK is one of the most densely populated countries on Earth and is the second most densely populated in Europe after Holland. Demand for housing continues to increase, year on year and there appears to be no end in sight. This has meant house prices continue to rise as demand outstrips supply.

The Government forecast in 2006 that the number of UK households in England would increase from 20.9 million in 2003 to 25.7 million by 2026.

This huge increase is fueled by a number of factors including:
  • We are all living longer
  • There is a rising divorce rate
  • More and more people prefer single occupancy houses
  • Mass immigration
  • Old and poor quality housing stock
  • Social aspirations

This massive home building programme puts pressure on developers to find available land either by re-developing existing sites, known as brownfield developments or by using new land such as redundant farmland.

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