A new infographic from Experience Invest has revealed that investment UK property remains the number one commodity for British consumers.
Given a budget of £50,000 to £100,000, the research conducted by Vital Research and Statistics and commissioned by Experience Invest, has shown that 31% of those surveyed would invest in UK property.
“Our research has shown that despite Brexit and changes to Stamp Duty and mortgage tax relief, UK property remains the number one choice of investment for British consumers.
“I suspect that the tangible nature of property and the huge undersupply of homes across the country has cemented its rightful place as the most desirable commodity to invest in,” Dale Anderson, Project Manager of Experience Invest explains.
UK Property Investment Remains No.1
Of the 2,000 UK adults surveyed, UK property was the number one choice with 31% of respondents naming bricks and mortar as the most desirable choice.
Property was followed by ISA Portfolios (11%), Gold Shares (9%), Property Abroad (8%), Stocks and Shares (6%), Start-Up Business (5%), Vintage Cars and Antiques (2%) and finally, 28% of respondents would invest in other commodities.
“From homeownership to the cost of renting, from rising house prices to mortgage interest rates, the nation is obsessed with the housing market. It does not surprise me that despite the current economic uncertainty, property remains the top choice for investors. After all, we all need somewhere to live and we understand how competitive the market conditions are,” Anderson continues.
The April 2017 introduction of changes to mortgage interest relief for landlords – which will be phased in over the next 4 years – and the 3% Stamp Duty levy applied to buy-to-let and second homes have done little to deter investors.
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