Real Estate Investor Magazine South Africa March 2013 | Page 62

LONDON

BY MIKE SMUTS

London’s Changing
Demographics

Getting both older and younger

S

ir, when a man is tired of London, he is
tired of life; for there is in London all
that life can afford” – so goes the famous
quote by English author Samuel Johnson.
And for decades Johnson was spot on.
Young bright faces f locked to the UK’s
capital in their thousands from all over the
British Isles, Europe and the world - to go to
university and work, moving out again when
their growing families required more space or
when they retired.
London imports the young and exports the
old, the theory goes—or went. For the UK’s last
census reveals a startling demographic change
that has drastically slowed Londoners exit from
the capital.

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March 2013 SA Real Estate INVESTOR

www.reimag.co.za