Growing population: Our population is growing - between 2011 and 2018, Teignbridge’s population rose by around 8,500 people....and is projected to keep on rising.
Rapidly increasing elderly population: As our population grows older, we need homes that people can live in independently for longer. By 2039: • 1 in 3 Teignbridge residents will be 65 years or older • 1 in 8 will be aged over 80
Pent up demand:
For years we have not been building enough homes to meet housing demand.
High house prices putting homes out of reach for many local people: House prices are more than 10 times the average household salary.
Over 1,000 people in the district are in need of an affordable home to rent or buy.
Smaller households: More people are living alone – meaning we have to build more houses for the same amount of people.
From: https://www.teignbridge.gov.uk/media/9825/tdc-lp-part-3-2020-2040-need-to-know-guide-nov-21-web.pdf
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