The rise of the DINK

The rise of the DINK

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In 2019, there are more child free adults than ever before. While, for those born in 1946, only 9% had no children at the age of 45, whereas for women born in 1970, this figure has risen to 17%. A US study discovered that 1 in 5 women enter menopause without children. Additionally, birth rates among women in their twenties declined by 15% between 2007 and 2012.

The reasons why so many couples adopt a Dual Income, No Kids lifestyle, commonly known as DINK, is varied. For some the financial burden of raising a child is more trouble than its deemed worth and for others, it means sacrifices to lifestyle and career aspirations. Without the responsibility of children to cater to, the rise of DINK, the demands for property are not what they were for young professionals of Baby Boomers and Generation X.

What DINK mean for the property market?

Imperial Square, Luton

ONS figures showed that in 2017 the proportion of women never having children has doubled in generation.

Leisure & Amenity

Infinity Towers, Liverpool

Young professionals today are interested the trendy new neighbourhoods. Without the pressure to consider a property’s proximity to schools and day-care the focus for many tenants now is convenience. After working all day, and in some instances earning from a second job, the Millennial generation are interested in homes which offer closeness to shops and travel links.

Work Life Balance

The Tannery, London

In 2019, the UK is more career driven than ever before. A booming economy mixed with the impending launch of HS2 and mass regeneration schemes, means over 250,000 jobs are being launched in the UK by 2030. As a result of this, generation rent is drawn to city centre properties to stay in the heart of their working life.

Student Housing Demand

Marvel House, Plymouth

In 2018, 2.3 million students were recorded to be in higher education. Entrepreneur reported that 24% intend for pay for higher education via savings and 38% plan to work during their university studies. Higher education is at an all time high since the launch of the postgraduate government student loan. As more students stay in education for longer to gain qualifications such as an MBA and PhD, often via part-time study, instead of starting families the demand for student housing will increase.

Luxury Lifestyles

Hadrian’s Tower, Newcastle

Without adhering to the practicalities of raising children, tenants are desiring homes to suit their personalities and lifestyles. For example, 2019 saw an increase in properties with pools and audio door entry systems. Favouring state-of-the-art design specifications including private lounges, the demand for luxury property is increasing across the country.

Travel Pursuits

Epic Hotel, Liverpool

A chief reason, many adopt a DINK lifestyle is the sizeable disposable income, which can be used for travel. The rise of the staycation, has seen a dramatic increase in domestic holidays. As cities within the Northern Powerhouse gain regeneration, the rise in UK’s tourism to serene areas will benefit from the child-free movement.

Entrepreneurship

The Bridge, Kirkcaldy

Among Generation Z, working to suit your lifestyle is a priority. Entrepreneur announced 41% of Generation Z intend to start their own businesses instead of continuing the Millennial trend of side jobs. The rise is e-learning opportunities focusing on creative arts and business is predicted to be worth four times more than the higher education market. As a result of this, the demand for office space will increase.

Old Age

Bryn Illtyd Ltd, Wales

Without the comfort of having children to take care of them in old age, DINK jetsetters will be desiring Care Homes in the future.

Final Note

As the economic climate changes, the demands for property respectively alters. With more favouring an enjoyable lifestyle and the financial benefits that come along, the demand for family friendly property has seen a sharp reduction.

 

 

info@tarquinjones.comThe rise of the DINK
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Why the cool kids of property are falling in love with Middlewood Locks regeneration…

Why the cool kids of property are falling in love with Middlewood Locks regeneration…

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Manchester never fails to impress, from sport and theatre to entertainment and property. Demand for the rainy city is seeing property value increasing by 29.22%, thanks to the rise in people heading to Manchester for the growing job prospects. The regeneration plans have completely reinvented the city, with new neighbourhoods evolving to meet the growing demand. Middlewood Locks, an exciting new neighbourhood by Salford Central railway station is the biggest scheme of regeneration in the Manchester area.

Community

Cleverly located by the waterside, Middlewood Locks offers the serenity of suburbia with the excitement of city life, an innovative place of business and a new location for shops, hotels, restaurants and bars, public open spaces, only ten minutes away from Spinningfields. More than just a neighbourhood, the £1 billion regeneration, Manchester’s most vibrant, and soon to be the favoured place to live among young professionals and growing families, is a lifestyle compiling of amenities including a gym, bar, nursery and medical centre.

Green Space

In the clean and open spaces featuring nature trails and cycle paths, Middlewood Locks offers relaxing greenery by the beautiful canal. Complemented by the beautiful trees, the park life will be a welcome calmness from the hustle and bustle of city life, operating at a slower pace.

Transport

The attractive 24.5acre site offers the gift of transportation with Manchester City Centre within walking distance and main transportation links only a mile away. The local area offers a host of developments coming from source including The Greengate Generation to revive 13 hectares in order to reconnect the historic centre of Salford with Manchester’s modern vibrancy. Additionally, Irwell River Park is creating an international waterfront destination providing a range of environmental improvements for sustainable transportation in addition to commercial and residential development.

A place to call home.

A place to live, work and relax, Middlewood Locks, plays host to Middlewood Plaza, an impressive development featuring split-height blocks of six and nine storeys, with a total of 125 homes across the site.

 

  • Smart technology included as standard, for a future-proofed development
  • An appealing mix of apartments, townhouses and duplexes
  • High-quality kitchens and bathrooms included as standard
  • Secure underground parking
  • Dedicated cycle bays
  • Fully wheelchair accessible apartments
  • All apartments serviced by fully maintained lifts
  • Whole-house ventilation and sprinkler system protection
  • Private roof terrace access for all residents

 

As an investment, Middlewood Locks is showcasing the future of property: a combination of the quietness of suburbia and the cosmopolitan of the city. Middlewood Locks is the answer for the accommodation needs of the Manchester urban professional. Mixing luxury living spaces with close-knit amenities means the demand for tenancy will be high upon completion.

For more information about Middlewood Plaza, please call (0)20 8445 6542 or email info@tarquinjones.com

 

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