The Demographics of Lewisham’s Population

Welcome to Lewisham, a historic and vibrant borough located in the south-east of London. With a rich history dating back to the Roman times, Lewisham has been a hub of activity for centuries. Today, it is a diverse and dynamic area that offers a unique blend of urban and suburban living. From the bustling high street of Lewisham to the peaceful green spaces of Blackheath and Greenwich Park, there is something for everyone in this London borough.

Population Size

When considering investing in a buy-to-let property in Lewisham, one of the key factors to consider is the population size and growth of the area. According to the latest census data, the population of Lewisham is around 287,000, making it one of the larger London boroughs. The population has been steadily growing in recent years and is projected to continue to do so, with a projected population of over 300,000 by 2026. This is slightly lower than the average for London boroughs, making Lewisham an attractive option for investors looking for a stable and growing population base.

Age of the Population

Another important factor to consider when investing in Lewisham is the age of the population. According to the latest data, the median age of residents in Lewisham is around 34 years old, which is slightly lower than the national average of around 45 years old. This younger population base is a positive indicator for investors, as it suggests a higher demand for rental properties in the area.

Employment Rate

When it comes to employment, Lewisham has a relatively high employment rate of around 71%, which is slightly lower than the national average of around 75%. This suggests a strong and stable economy in the area, with plenty of job opportunities for residents. This is positive for investors, as a stable economy can lead to a more stable rental market.

Education

The education level of the population in Lewisham is also worth considering when investing in the area. The borough is home to a number of schools and colleges, including Lewisham College, which offers a wide range of vocational and academic courses. Additionally, there are a number of universities in the surrounding areas, such as Goldsmiths and University of Greenwich, which makes Lewisham an attractive location for students.

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Renters vs Homeowners

When it comes to housing, Lewisham has a relatively high volume of renters compared to homeowners. According to the latest data, around 60% of residents in Lewisham rent their homes, while around 40% own their homes. This is slightly higher than the national average, which can make Lewisham an attractive option for buy-to-let investors.

Crime Rate

Finally, it is important to consider the crime rate in Lewisham when investing in the area. According to data from the Metropolitan Police, the crime rate in Lewisham is relatively low compared to other London boroughs. This suggests that Lewisham is a relatively safe area to live and invest in, making it an attractive option for investors looking for a secure and stable rental market.

In conclusion, Lewisham is a vibrant and diverse borough with a growing population, a young and educated population, a stable economy, and a high volume of renters. The area also boasts a relatively low crime rate, making it an attractive option for buy-to-let investors. With a rich history and plenty of amenities, Lewisham is a great place to invest in and call home.

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