Young investors set to fuel buy-to-let boom

Many young people may be struggling to get a foot on the housing ladder, but that does not mean that they do not recognise the potential benefits of investing in residential property. Fresh research provided by letting agent Rentify shows that nearly half – 49 per cent – of 18-39 year olds believe that acquiring buy-to-let property represents the best investment option in the UK today, with almost 4million people in this age group actively seeking to buy an investment property. With buy-to-let landlords having benefitted from a booming property market earning returns of up to almost 1,400 per cent since 1996 – capital growth and returns combined – it is easy to understand why it is an investment type that appeals to many people across all age groups, not just the young. George Spencer (left), CEO at Rentify said, “The fact that 49 per cent of first-time buyers would consider investing in buy-to-lets is fantastic and shows that there are more options out there and more people who want to get on the ladder.” But-to-let continues to beat returns on all other mainstream investments, including commercial property, UK government bonds, shares and cash, and that trend looks set to…