The population of MIlton Keynes has been growing at an impressive rate for over half a century. What’s behind this growth? Mainly, its situation within the Oxford-Cambridge Arc which has been cited as a hub for significant business growth in recent times, adding over £110 billion to the British economy every year. This growing population and economy makes Milton Keynes a great place to invest in property, and in this blog we’ll explore this in more detail.
A Growing Population Equates to Greater Demand for Housing
It’s only logical that when an area’s population grows, so too does its need for housing. In fact, Milton Keynes is one of the only places in the country currently whose house prices are remaining buoyant, rather than falling. The reason? There’s a shortage of properties more generally, so with the demand most definitely there, now marks a good time to invest.
A Growing Economy
A strong indicator of whether an area’s worth investing in or not is its economy. A strong economy indicates vibrancy and growth, whilst a stagnating (or receding) economy will see people leaving the area, and demand for property and housing diminish as a result.
According to accounting giants, PwC, Milton Keynes is the UK’s fifth top-performing city. What’s more, this isn’t a new phenomenon; the city has been amongst the UK’s top-performing for the past four years.
Other Area Benefits
Besides the obvious economic benefits to investing, Milton Keynes is also a place to invest in for a whole host of other reasons, including both its fantastic transport links, and its ready access to wide open green spaces. Ranking in the top 10 of the UK’s happiest workforces, the city is home to an energised and enthusiastic workforce. Success begets further success, and so now really does seem like the perfect time to invest in the city.
The population of Milton Keynes is growing, and it’s not hard to see why. With so many benefits to both investing and living in the city, why not get in touch with our team of property consultants? The team here at Kirkby Diamond can inform you on the best areas to invest in, as well as being able to give you a more comprehensive breakdown of property market trends in the area. We look forward to hearing from you.