A few words from Phil Spencer
During an exclusive event, Property expert Phil Spencer spoke a few words about the state of the current housing market and how you can navigate it.
Phil pointed out that there is a pressing need for more tailored housing solutions. “Government forecasts tell us there will be 74 million people in the UK in just 12 years’ time, about 15% of whom will have been born outside of the UK.” This growing, diverse population, combined with rising rents and limited housing, underscores a looming issue.
“There are already over three-quarters of a million private renters over the age of 60.” Phil urges those who can become home owners, to buy, expressing concern about how this trend could lead to difficulties when retirees are unable to afford rising rents. “What’s going to happen next? No one is really talking about it, but we’re going to have to face that challenge soon.











