Burial Plot Investment, UK
The demand in the UK for cemetery space is growing at an alarming rate. As the population grows the demand for burial space increases.
If the latest trends continue, the population in the UK will continue to grow, reaching an expected 71.6 million people by 2033. Meaning that the population is effectively growing at a faster rate than new cemeteries and burial spaces are made available.
This fact alone is one of the reasons why burial space has increased in value at an astonishing rate since records began, and is looking likely to continue this trend.
The peak demand for burial space is forecast to be in 2015, when demand will be at its highest due to the ageing population in the post war baby boomer category. This, coupled with the multi cultural society we live in today where cremation is forbidden in various religions, is seeing demand for burial space increasing year on year.
How the investment works
Throughout history the price of burial space has never gone down and the growth of this asset is more reliable than any other asset class that has seen both ups and downs subject to economical factors. Even in the deepest recession the UK has ever seen the price of burial plots has continued to rise and usually by an average of 10% per year.
Local councils have been forced to increase the price of burial space to help generate extra revenue while they are suffering from budget cuts from central government. This has meant increases in some areas of more than 25% in the last 12 months and more increases are planned in the future.
Such is the public focus on the rising cost of burial that leading insurance companies have invested heavily in the sector offering funeral plan insurance to protect families against the rising costs. Since 2004 the cost of funerals has risen from £1920 to £2857 by 2010 and is forecasted to be £4252 by 2016.
Burial space is possibly one of the oldest industries in mankind and is connected to one of the only certainties in life.
More information on the investment >>
Register your interest and one of our knowledgeable team will be in touch to answer any questions you may have.
