Buy to let investors in UK are younger than a decade ago
The average age of buy to let buyers in the UK has fallen by 10 years since 2014, according to a new piece of research.
The analysis of the demographics of its buyers over the last four years, yieldit found that the total average age of purchasers had dropped from 52.3 to 42, indicating a shift in the sector.
Whilst property investment has traditionally been viewed as a business for older generations who benefit from already having a foothold in the market, this new data shows that this might well be changing as younger people recognise the strength and rewards of investment in the sector.
Further analysis of the numbers shows that the drop in age is present across both residential and student buy to let, but is more pronounced in residential sales where the average age dropped from 57.5 to 40.9 compared to 52.3 to 44.2 in the student market over the same period.
‘Investing in bricks and mortar is as popular as ever and although a small number of our buyers are owner occupiers, the majority are property investors looking for tenanted buy to let,’ said head of sales at yieldit, Ryan Hughes.
‘Rising tenant demand and record house prices continue to attract a broadening number of people to the market, including a burgeoning number of first time investors. The figures just go to show that the classic portrait of a landlord is changing, something that we believe can only strengthen and revitalise the market,’ he added.