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According to a new survey from specialist retirement company Retirement Advantage, buy-to-let investment is particularly appealing to those who are approaching retirement, providing them with a relatively safe means of funding their later years.
The survey included over 1,000 people aged 50 or over, who have yet to retire but have some private savings. Of those surveyed, 36% view property as a safer investment option when compared with stocks and shares.
However, those interested in investing in buy-to-let property in the future should seek tax advice before they do so to ensure they are aware of their obligations and the latest regulations affecting the buy-to-let sector.
Andrew Turner, Chief Executive at Commercial Trust Limited, a buy-to-let mortgage broker firm, said: "Further investment in buy-to-let properties is excellent news for the industry, the housing market in general and for tenants, particularly at a time when demand for rental properties is currently outstripping supply."
He continued: "However, any investment strategy needs careful forethought and planning, especially given the changes that the industry has experienced recently and those that are yet to come."
This news is positive for the private rented sector, especially as demand for rental property in London continues. The survey shows that people approaching retirement still consider property investment to be the best means of achieving capital growth.
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