26.4% Of Basingstoke Homes Are One Person Households

I was having an interesting chat with a Basingstoke Buy to Let landlord the other day when the subject of the size of households came up in conversation. One of the reasons that I believe the Basingstoke property market will, in the medium to long term, be OK, was the fact that the size of households in the 21 st Century is getting smaller – which will create demand for Basingstoke Property and therefore keep property prices from dropping. Looking at the stats going back to the early 1960’s, when the average number of people in a home was exactly 3, it has steadily over the years dropped by a fifth to today’s figure of 2.4 people per household. That doesn’t sound a lot, but if the population remained at the same level for the next 50 years and we again had the same 20% drop in household size, the UK would need to build an additional 5.28 million properties (or 105,769 per year). When you consider the Country is only building 139,800 properties a year ... it doesn’t ...