Essential reading for retailers and suppliers in the home improvement market

UK homeowners seeking second property

Published: 25 April 2007
Buy-to-let seen as good alternative to pension plans
Within the next three years, one million homeowners want to have another property in the UK that they can let out, research from Mintel finds.

Mintel's analysis indicates that two million homeowners (7% of homeowners) own a second home in the UK or abroad, with one million of these real estate moguls (3% of homeowners) being buy-to-let landlords or overseas homes.

Mintel expects the buy-to-let market to continue to grow at a healthy rate over the coming years, driven by the expected expansion in the population and the continuing strong demand for rented accommodation.

"Increasingly, property owners are seeing the benefits of investing in bricks and mortar and often regard the second homes market as a good alternative means of saving for retirement.
"As long as these trends continue, future growth in this market should be guaranteed," says Paul Davies, senior financial analyst at Mintel.

Mintel's research also shows that people's faith in property is generally greater than in pensions. Over a third (36%) of homeowners believe it is actually 'better' to invest in property than a pension, rising to over two thirds (68%) of second property owners.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Carl Kammerling Fusion 2021 Trade Promotion – Filled with exciting new deals!

MIKE
GOOD AFTERNOON,WE USED TO DEAL WITH YOUR COMPANY MANY YEARS AGO, BUYING LARGE STOCKS OF DELETED AND RETURNS ITEMS.IF YOU HAVE ANY CLEARANCE ...

re: Toolbank

Bilal Ali
Hi Trust you are doing great. My name is Bilal Ali. I am the owner of Azaan International Ltd, a company specialized in products. We are ...

re: Woolworths staff reunited by new website

John Zullo
Hi I'm trying to find Lisa assistant manager of woolworths in the metro centre 1999 I only now her by her 1st and middle name Lisa Marie ...

re: Planning application submitted for new Homebase store in Abingdon

Gel
They closed their store last year!http://www.oxfordmail.co.uk/news/17570442.homebase-abingdon-starts-closing-sale/...

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

Most read stories