The Demographics of Greenwich’s Population

It’s important to consider the demographic factors before investing in a buy-to-let property in Greenwich. We will take a closer look at the population size, age, employment rate, education level, renters versus homeowners, and crime rate in Greenwich to help you make an informed investment decision.

Population Size

Greenwich has a population of approximately 292,000 and is one of the largest London boroughs. The population has been steadily growing over the past few years, projected to increase around 4% by 2025. This is higher than the average growth rate for London boroughs, making Greenwich an attractive option for landlords.

Age of the Population

The median age in Greenwich is around 34 years old, which is lower than the national average of around 45 years old. This indicates that the borough has a relatively young population, which is great news for landlords as younger people are more likely to rent.

Employment Rate

The employment rate in Greenwich is around 72%, which is higher than the national average of around 75%. This means that the majority of the population is employed, making it a good area to invest in as there will be a steady demand for rental properties.

Education 

The education level of the population in Greenwich is high, with around 70% of the population holding at least a bachelor’s degree. This is lower than the national average, making Greenwich an attractive option for landlords looking to cater to a more educated tenant base. Additionally, Greenwich is home to the University of Greenwich which caters to thousands of students.

Free Landlord Resources

Renters vs Homeowners

Approximately 60% of the population in Greenwich rent their property, while the remaining 40% own their homes. This is higher than the national average, which is around 49% renters and 51% homeowners. This indicates that there is a significant demand for rental properties in Greenwich.

Crime Rate

The crime rate in Greenwich is lower than the national average, making it a safe area to invest in. The borough has a relatively low crime rate, with the majority of crimes being non-violent. This makes it a desirable area for tenants and landlords alike.

In conclusion, Greenwich is a great area to invest in for landlords looking for a high population size and growth rate, a young population, a high employment rate, a highly educated population, a large proportion of renters, and a low crime rate. The area is particularly attractive to landlords looking to cater to a more educated tenant base, with a number of universities situated in the area. With all these factors considered, investing in a buy-to-let property in Greenwich can be a wise decision.

Free Landlord Resources