Ageing Population in London

SOURCE www.telegraph.co.uk
London is ageing twice as quickly as the rest of England due to lower birth rates, demographic changes, and soaring house prices, making it increasingly difficult for young people to afford homes in the city.

Key Points

  • London's average age has increased from under 34 to 36 years between 2001 and 2022.
  • The birth rate in London decreased from 16 births per 1,000 people in the 2000s to 14 in the 2010s.
  • The cost of buying a home in London has risen significantly, with the average price standing at 14.1 times annual income.
  • Younger populations are moving to cities like Milton Keynes, Buckinghamshire, and Cambridgeshire & Peterborough due to more affordable housing.

Pros

  • London remains the richest and most productive city in Britain.

Cons

  • Lower birth rates and demographic decline are contributing to the ageing population in London.
  • Soaring house prices are making it increasingly difficult for young people to afford homes in the city.
  • Public services, such as primary schools, are facing challenges due to falling birth rates.