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Property investment in north London: a broadening appeal

What do a former Brookside actress and 70% of younger landlords have in common' They are all banking on property as their sole pension fund. New research floating about the industry suggests that landlords at the younger end of the spectrum have fallen out of love with more traditional ways of saving for their future. Instead, they are pinning all their hopes on a buy-to-let portfolio. It's a trend we are noting here at Winkworth. Many of our clients are choosing to retain a property they could have sold to rent out instead as a 'nest egg', after witnessing strong house price growth and a surge in demand for properties to rent in north London. Other buyers are coming to us with savings that they wish to invest in north London property - perhaps eschewing the purchase of a supercar or foregoing a dabble in the stock market. It's a sentiment that has been brewing as a sub-culture in the celebrity world for some time. We're not one to read the gossip columns but an interview with actress and singer Claire Sweeney caught our eye. She was upfront that property investment is her pension, and listed her UK and international portfolio, saying she doesn't invest in shares as property is how she is saving for her retirement. Craig Phillips - the winner of the first series of Big Brother - is another TV personality who has turned to property, with the builder investing in more than 30 residences since his victory. Perhaps it's because pensions can be hard to fathom and the stock market has an air of volatility surrounding it that property investment is gaining popularity. And it's not just the preserve of the young, either. Recent pension reforms have kick-started a wave of buy-to-let interest among the over 55s, who want to withdraw lumps sums of cash from their pensions to re-invest elsewhere. It is thought one is six over 55s will use some or all of their pension fund to break into the property investment market, looking at the short-term gains as well as long-term appreciation prospects. While there is a rising demand for property to rent in north London, professional advice should always be sought by those thinking of becoming a landlord. Investors should enter into any transaction fully informed and with their eyes wide open. Our property investment experts offer advice on all aspects of buy-to-let, including tax implications, legislative responsibilities as a landlord and mortgage finance, if needed. We urge those considering withdrawing from their pension to seek financial advice too. If you would like more information about investing in property, including a selection of properties for sale in north London and details of our full management service, contact Winkworth north London estate agents today.

What do a former Brookside actress and 70% of younger landlords have in common' They are all banking on property as their sole pension fund. New research floating about the industry suggests that landlords at the younger end of the spectrum have fallen out of love with more traditional ways of saving for their future. Instead, they are pinning all their hopes on a buy-to-let portfolio.

It's a trend we are noting here at Winkworth. Many of our clients are choosing to retain a property they could have sold to rent out instead as a 'nest egg', after witnessing strong house price growth and a surge in demand for properties to rent in north London. Other buyers are coming to us with savings that they wish to invest in north London property - perhaps eschewing the purchase of a supercar or foregoing a dabble in the stock market.

It's a sentiment that has been brewing as a sub-culture in the celebrity world for some time. We're not one to read the gossip columns but an interview with actress and singer Claire Sweeney caught our eye. She was upfront that property investment is her pension, and listed her UK and international portfolio, saying she doesn't invest in shares as property is how she is saving for her retirement. Craig Phillips - the winner of the first series of Big Brother - is another TV personality who has turned to property, with the builder investing in more than 30 residences since his victory.

Perhaps it's because pensions can be hard to fathom and the stock market has an air of volatility surrounding it that property investment is gaining popularity. And it's not just the preserve of the young, either. Recent pension reforms have kick-started a wave of buy-to-let interest among the over 55s, who want to withdraw lumps sums of cash from their pensions to re-invest elsewhere. It is thought one is six over 55s will use some or all of their pension fund to break into the property investment market, looking at the short-term gains as well as long-term appreciation prospects.

While there is a rising demand for property to rent in north London, professional advice should always be sought by those thinking of becoming a landlord. Investors should enter into any transaction fully informed and with their eyes wide open. Our property investment experts offer advice on all aspects of buy-to-let, including tax implications, legislative responsibilities as a landlord and mortgage finance, if needed. We urge those considering withdrawing from their pension to seek financial advice too.

If you would like more information about investing in property, including a selection of properties for sale in north London and details of our full management service, contact Winkworth north London estate agents today.

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What do a former Brookside actress and 70% of younger landlords have in common' They are all banking on property as their sole pension fund. New research floating about the industry suggests that landlords at the younger end of the spectrum have fallen out of love with more traditional ways of saving for their future. Instead, they are pinning all their hopes on a buy-to-let...

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