Worried about your pension? Not keen on the idea of working until you are 69.8? (see yesterday’s issue,) then best if you look for an alternative. And that says the Royal Institute of Chartered Surveyors is what Buy to Let Investors are doing. RICS reckons that just 4% of Buy to Let investors are now selling their investment properties when tenancies came up for renewal, that’s half the level seen last year.
RICS spokesperson Jeremy Leaf said, “many buy-to-letters are now choosing to stay in for the long haul, viewing their investment as a more significant part of their pension plan.”
“For the time being at least, this looks set to continue, with public confidence in pensions at an all time low.”
Equally, of course, Buy to Let investors might be selling less readily now because they know it will be harder to find a buyer.
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