A third of UK adults aspire to own a buy-to-let property, with the clamour being highest for young adults, a study from lender Market Financial Solutions has revealed.<\/p>\n
One in three (33%) want to own a buy-to-let property in the future, with this rising to 54% among those aged 18-34, and dipping to 14% for those over 55.<\/p>\n
Paresh Raja, CEO of Market Financial Solutions, said: \u201cIt has become popular over the past decade to bash buy-to-let investing as being increasingly unappealing. Clearly, however, that is far from the case.<\/p>\n
\u201cThe 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.<\/p>\n
\u201cI am sure this will have given some people reason to question whether buy-to-let ownership is the right route for them, but these survey results underline the love affair that the UK has with bricks and mortar.<\/p>\n<\/p>\n
\u201cMany people aspire to homeownership and property investment. 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.<\/p>\n
\u201cIndeed, if buy-to-let mortgage rates do come down in the coming months as expected, we may well see more first-time landlords entering the market.\u201d<\/p>\n
Some 60% believe property investment is an effective means of building long-term wealth, with 37% saying they would rather invest in a buy-to-let property than stocks and shares. Just over half (53%) agreed with the statement that \u201creal estate is a safe and stable asset to invest in\u201d.<\/p>\n
However, of those aged 18-34, the majority (57%) said they resent the fact it is much harder to invest in buy-to-let properties today than it was for previous generations due to the rise in house prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
A third of UK adults aspire to own a buy-to-let property, with the clamour being highest for young adults, a study from lender Market Financial Solutions has revealed. One in three (33%) want to own a buy-to-let property in the future, with this rising to 54% among those aged 18-34, and dipping to 14% for […]<\/p>\n","protected":false},"author":1,"featured_media":607,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n