A third of Britons want to become landlords, according to new research from Market Financial Solutions.
A survey of 2,000 UK adults found that 33% want to own a BTL property in the future with 60% believing property investment is a good way of building long-term wealth.
The research, carried out by Opinium, found that younger people are more motivated to get involved in BTL investment.
Over half of respondents aged 18 to 34 expressed an ambition to own BTL property, with this dipping to 14% among those aged 55 and over.
This research reveals that many Britons are still enthusiastic in general about property investment.
With 37% preferring to invest in BTL property over stocks and shares, 58% said if they won £1m in the lottery they would use some or all of it to buy property.
Commenting on the findings, Market Financial Solutions CEO Paresh Raja said these were at odds with the assumption that BTL investment had become “increasingly unappealing.”
“The rise in house prices and borrowing costs, coupled with tighter rules and regulation in the rental market, has undoubtedly caused challenges for both current and prospective landlords,” added Paresh.
“I am sure this will have given some people reason to question whether BTL ownership is the right route for them, but these survey results underline the love affair that the UK has with bricks and mortar.”
