Due to bad or non-performing stocks and shares, ever decreasing pension funds and low saving rates, people have increasingly been looking for alternatives to invest in their future.
Properties are rapidly becoming the new pension.
Not just content with investing in the future, many people are investing for the present. Some want to become property tycoons and build up property portfolios using the rent as income. Some want to become experts in DIY, buying rundown properties with investment potential, giving them a face lift, then selling up and moving onwards and upwards.
With the recent rises in properties, people have had a lot of equity in their current properties to invest with.
Statistics show that just under a third of investment landlords are now aged between 26 and 35, compared with 45% who were aged between 36 and 50 and 24% who were over 50. These new young landlords consider it to be a sound long term investment and many of which experience good income and profits.
With the relatively high house prices in the UK and the impact of low cost budget airlines, people haven't been slow to realise that investment opportunities in property can be found further a field, basically where they can get more for their money. This is even getting a feasible option for first time buyers as some struggle to get onto the property ladder in some of the more expensive areas of the UK .
Whether it's an investment for the future retirement home, or to be used for rental income and a second holiday home, it is now easier and cheaper than ever to fly from the UK for a weekend or a month long holiday.
Investment from rental
Second Family home
Investment for pure profit
Retirement
Investing in a new lifestyle
The number of visits abroad by UK residents has risen by 30% in the last 5 years, and the number of nights spent abroad has increased by 35% in the same period. New routes have been created and there is potential for substantially cheaper flights on these and more traditional routes which are available all year round.
Investment property is now booming with an estimated 1 million people in the UK thinking of buying an investment property abroad at any one time.
