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Immigration good for UK real estate: A macro-economical perspective

Posted on January 12, 2016
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UK Immigration

Macroeconomic is defined as a branch of economics dealing with the performance, structure, behaviour, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. Legal migration is good or the UK especially is the real estate industry becomes an asset from it.

Some economic think tanks like Wells Fargo opine that a lot of industries in the UK are performing at capacity, and new blood is required to boost the capacity to keep industries growing. Migration is increasing growth and at the same time decreasing numbers in the unemployment line. Unemployment is at its lowest since April 2008 at 5.4%. This is significantly below the longer-term average of 7.22% (from 1971-2015). The Office for National Statistics’ inactivity rate, i.e., individuals not looking for a job or not available for work is steadily falling, which indicates a tightening of its labour market and a diminishing pool of skilled workers. The potential for growth to come from higher employment output therefore is limited in the UK.

At least in the public sector, investments in these industries can cut austerity measures set up by the government. However, this is to be observed and researched a lot more in the private sector. Many immigrants are of working age and often educated; they are hard-working and they pay taxes.

Another reason stated by economic thin tanks are that the UK’s population density of 255 people per sq km; which is still less than that of some of their immediate neighbours such as the Netherlands at 411 and Belgium at 355. Even London at 5,510 people per sq km has room to grow when compared with the likes of economically prosperous Hong Kong (6,349) and Singapore (7,148).

So if you are looking to immigrate to the UK, please fill our enquiry form so that one of our consultants will reach you to entertain your queries.

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