The property market is quickly adapting to the growing need for new homes, around 55,000 new homes are in the development pipeline, with an intended completion date set at 2033.”
There are 32,050 registered businesses in Buckinghamshire, contributing to a £15 billion economy. Buckinghamshire has the third largest business success rate in the UK, with 50% of businesses recording growth in their first five years.
Since the recession, Buckinghamshire has represented the third strongest job growth in the UK, a 7.2% increase, currently 82.8% of the regions working age population are employed.
Employment in Buckinghamshire is projected to increase by 8.5% (24,000 jobs) between 2018 and 2030. The population is forecasted to increase 0.8% per annum to reach 591,300 by 2030.
According to the Office of Budget Responsibility, Buckinghamshire’s economy is set to grow 2.1% from 2019 to 2020.
The property market is quickly adapting to the growing need for new homes, around 55,000 new homes are in the development pipeline, with an intended completion date set at 2033.
- Average house price: £419,535
- House prices have risen 5.9% over the last year
- Projected average house price in 2030: £673,674 (eMoov)
- Most property sales are attributed to detached properties worth on average £645,251
With its proximity to London, Buckinghamshire’s property market is continuing to grow due to commuter demands. Places like High Wycombe, Saunderton and Bletchley, provide people working in the city with a cheaper alternative to living in the capital.
