As more babies are being
born to Mid Sussex mothers, I believe this increase will continue to add
pressure to the over stretched Mid Sussex property market and materially affect
the local property market in the years to come.
On the back of eight years
of ever incremental increasing birth rates, a significant 3.39 babies were born
for every new home that was built in the Mid Sussex council area in 2016. I believe this has and will continue to exacerbate
the Mid Sussex housing shortage, meaning demand for housing, be it to buy or
rent, has remained high. The high birth
rate has meant Mid Sussex rents and Mid Sussex property prices have remained
resilient – even with the challenges the economy has felt over the last eight
years, and they will continue to remain high in the years to come.
This ratio of births to
new homes has reached one its highest levels since 1945 (back in the early 1970’s the average was only one and a half births for
every household built). Looking at
the local birth rates, the latest figures show we in the Mid Sussex council area
had an average of 62.7 births per 1,000 women aged 15 to 44. Interestingly, the national average is 61.7
births per 1,000 women aged 15 to 44 and for the region its 61.7 births per
1,000 women aged 15 to 44.
The numbers of births from
Mid Sussex women between the ages of 20 to 29 are significantly lower than the
national average, but those between 35 and 44 were higher. However overall, the birth rate is still
increasing, and when that fact is combined with the ever-increasing life
expectancy in the Mid Sussex area, the high levels of net migration into the area
over the last 14 years (which I talked about in the previous articles) and the
higher predominance of single person households, this can only mean one thing; a
huge increase in the need for housing in Mid Sussex.
Again, in a previous
article a while back, I said more and more people are having children as
tenants because they feel safe in rented accommodation. Renting is becoming a choice for Mid Sussex
people.
The planners and Politician of our local authority, central Government and people as a whole
need to recognise that with individuals living longer, people having more
children and whilst divorce rates have dropped recently, they are still at a
relatively high level (meaning one household becomes two households). Quite
simply demand for property is simply outstripping supply.
The
simple fact is more Mid Sussex properties need to be built;
be
that for buying or renting.
Only 1.1% of the Country
is built on by houses. Now I am not
suggesting we build tower blocks in the middle of the South Downs National Park,
but the obsession of not building on any green belt land should be carefully re-considered.
Yes, we need to build on brownfield
sites first, but there aren’t hundreds of acres of brownfield sites in Mid
Sussex, and what brownfield sites there are, building on them can only work
with complementary public investment. Many
such sites are contaminated and aren’t financially viable to develop, so unless
the Government put their hand in their pocket, they will never be built on.
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