This age group also makes up 16 per cent of all BTL investors with up to three properties, compared to 14 per cent six months ago.
John Heron, managing director of the Paragon Group, commented: “Traditionally buy-to-let has been perceived as something for the more mature investor. However, recently we have been witnessing an increase in the number of younger professionals choosing to make a considered and long term investment in property.”
The average investor expects to hold on to their initial investment property for nearly 11 years and 25 per cent of people stated that their primary motivation for purchasing rental property was so that it could serve as a retirement fund.
John Heron concluded: “We are seeing a new generation of young people who are preparing for the future by making long term financial plans. New landlords are looking at an investment that will see them safe for the long term – possibly even into retirement. They are choosing BTL because, at a future point, they can either sell the properties, netting a lump sum; or hold on to the investments and continue to benefit from a regular income stream that can supplement other forms of pension provision.”
