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Ref: Point 6 in my original post - People are living longer - this new graph shows how dramatically the ageing population is growing.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
The population of the UK has increased by more than half a million - the biggest rise for 70 years - according to official figures.
There were 65,648,000 people in the UK in June 2016, according to the Office for National Statistics (ONS).
The ONS said that was a rise of 538,000 on the figure in 2015, equivalent to a city the size of Bradford.
Net migration of 336,000 accounted for 62.4%, while the difference between birth and death rates made up 35.8%. Source - BBC News
New data from a survey of tenants suggests demand for the private rental sector looks set to be high for the indefinite future.
That’s because almost 30% of tenants plan never to buy a home.
The findings of the survey echoes recent data from the English Housing Survey which revealed the number of privately rented households has doubled over the past 16 years from 2m in 2000 to 4.5m in 2016. Full/source article - Letting Agent Today
Former housing minister Grant Shapps has suggested that the time for radical solutions has come if the UK stands any chance of solving the current housing market problems.
Shapps, who was housing minister from 2010 to 2012, made the comments during a live section of Friday night’s Channel 4 News that examined the housing market.
He suggested that between one and two million new homes need to be built over the next five to ten years.
That would mean up to five sizeable garden cities to be built within the countryside, Shapps suggested.Full/source story - The Negotiator
The most recent forecast from the Office for National Statistics suggests that there will be a rise of 8.4 million in the population of Britain during the next 22 years.
This could well spell more bad news for people trying to get onto the property ladder and will lead to the need for yet more properties available to let.Full/source story - Landlord News
But as we all know there is no way that sufficient property of all types of tenure will be built to meet the demand.
Even if building started now there is no way that there would be sufficient properties in 22 years time to meet the projected demand.
The solution to the housing crisis is to reduce the population.
A Chinese style two child policy being introduced for example.
With those who exceed this being financially penalised by the State.
Effective control of UK borders is required.
There are reckoned to be about 2 million illegal immigrants.
They should be found and deported just like Trump is currently doing in the USA.
The UK is full up.
We need a smaller and reducing population.
Such a population will have a better quality of life.
The answer to the housing crisis can never be just attempting to build to meet demand because it can never succeed.
Population reduction along with property building is the only answer.
Barclays Bank say UK home ownership is in "structural decline".Full/source article - Estate Agent Today
I agree with most of what you said in your initial post but disagree with the bit about recent tax changes not affecting BTS. If I was looking to buy a doer-upper and sell it on for a modest profit, the increases to SDLT would make a significant difference to the viability.
Interesting data/research from Generation Rent:Full/source article