Originally posted by Francko
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It currently costs more to buy most property on interest only than it does to rent it. -
yeah you can buy property for 110% of the rent
, how could it possibly go wrong?
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Boomed!
http://news.bbc.co.uk/1/hi/uk/7057765.stm
The population of the UK is set to increase by 4.4 million to 65 million by 2016, according to new projections.
The estimates by the Office for National Statistics (ONS) put the rise at equivalent to an average annual rate of growth of 0.7% over the period.
Further projections say the population will pass 70 million in 2028 and reach 71 million by 2031.
Factors such as future fertility, life expectancy and migration have all increased since forecasts made in 2004.
Population rises by 2016 are put at 8% for England, 7% for Northern Ireland and 5% for Wales.
The figure is 3% for Scotland, where fertility and life expectancy are projected to remain lower than the rest of the UK.
The average age of Britons is expected to rise to from 39.6 years in 2006 to 40.6 years in 2016 and to 42.6 years by 2031.
Numbers of people aged 75 and over are projected to increase from 4.7 million in 2006 to 5.5 million by 2016 and 8.2 million by 2031.
The amount of people of working age is put at 38.6 million in 2010, 41.5 million by 2020 and 43.4 million by 2031, from 37.7 million in 2006.
Now tell me there will be no demand for property?
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