A third of UK adults aspire to become landlords despite relentless buy-to-let investment bashing, a new study has found.
Market Financial Solutions’ poll of 2,000 people reveals that 60% believe property investment is an effective means of building long-term wealth, with 37% saying they would rather invest in a rental property than stocks and shares. Just over half (53%) agreed with the statement that “real estate is a safe and stable asset to invest in”.
The study also found that if they were to win £1 million in the lottery, almost three-fifths (58%) would use some or all of it to buy property. This was particularly true of those aged 18-34, with the figure rising to 68% among this younger demographic.
CEO Paresh Raja (pictured) says it’s become popular over the past decade to bash buy-to-let investing for being increasingly unappealing – but that is far from the case.
“The rise in house prices and borrowing costs, coupled with tighter rules and regulation in the rental market, has undoubtedly caused challenges for both current and prospective landlords,” says Raja.
“I’m sure this will have given some people reason to question whether BTL ownership is the right route for them, but these survey results underline the love affair that the UK has with bricks and mortar.”
He adds: “The stability of the market, along with the opportunity for the value of the asset to rise in the longer-term alongside a rental income, all contribute to this. Indeed, if BTL mortgage rates do come down in the coming months as expected, we may well see more first-time landlords entering the market.”
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