Research from BDRC Continental shows that nearly three-quarters (74%) of landlords plan to use their rental income to help fund their retirement. Slightly over half (52%) said rental income is used to support their salaries, while close to three in ten (28%) said that they make their living from letting.
The survey revealed the reasons landlords have chosen to invest in rental property, including the income supplementation benefits, the opportunity to make rental income their main source of income in the future, and seeing it as a better investment than the uncertainty of the stock market.
Landlords were shown to be more optimistic now than at any time since 2007, with nearly seven in ten (68%) rating the prospects for their letting business as good or very good, up from 60% in Q3 last year.
The surveyed landlords had an average of 14 years’ letting experience, showing that, while many “accidental” landlords are just getting into the lettings business, taking the long-term view is the best approach. Unlike the high-risk fly or die nature of the stock market, rental property is slow-grow, but nonetheless proves to be a secure and profitable investment.
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