20th
May 2015
A report by an insurance company claims that 40 - 49 year olds are more than likely going to become new private landlords.
Nearly 40% of new investors into the buy-to-let arena were from this age group. The 50 plus age group accounted for 24% and 19% came from the 30-39 age bracket.
The firm asked their customers this question on their website: ‘How old were you when you first became a landlord?’
The survey threw up some surprising stats, 17% who took part stated that they were 20-29 when they first became involved in the PRS.
Steve Jones, director of the insurance company, said: “The results show that those in their 40s are thinking ahead and looking towards property as an investment for their money.
“With the recent relaxing of pension rules we expect the fifty plus bracket, and even those in their 60s, to be the biggest growing group over the next year or two.”
A major lender, earlier this year, released details that the average age of people who became first time landlords in 2011 was 29.
London boasted the oldest age group of first time landlords being 32.
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