Over 50 per cent of owner-managed businesses consider residential property to be the most attractive investment option, according to research from the Bank of Cyprus UK.
Despite the recent implementation of stamp duty changes for landlords in Engand and Wales, the figure (53 per cent) marks a rise from the Bank’s previous research in early November 2015.
It was found that residential property was the overwhelming investment choice for owner-managed businesses, as a mere 8 per cent see commercial property as an attractive investment. Cash investments were preferred by 16 per cent of respondents, whilst stocks and shares came in at 13 per cent.
Lakis Kasapis of Bank of Cyprus UK said: ‘Despite the new measures making life harder for buy-to-let landlords, demand for residential property as an investment is still strong, and surprisingly people are even slightly more bullish about buy-to-let investments than six months ago. We saw a rush to buy in the first quarter of this year as investors capitalised on buy-to-let property purchases before the stamp duty increase took effect in April.
‘It remains to be seen, however, if this appetite for investing in the residential market will now come to a hard stop following the stamp duty increase, or whether it will continue given the scheduled personal tax relief changes and the continued uncertainty surrounding a potential Brexit.’
Resource: http://www.residentiallandlord.co.uk/
Despite the recent implementation of stamp duty changes for landlords in Engand and Wales, the figure (53 per cent) marks a rise from the Bank’s previous research in early November 2015.
It was found that residential property was the overwhelming investment choice for owner-managed businesses, as a mere 8 per cent see commercial property as an attractive investment. Cash investments were preferred by 16 per cent of respondents, whilst stocks and shares came in at 13 per cent.
Lakis Kasapis of Bank of Cyprus UK said: ‘Despite the new measures making life harder for buy-to-let landlords, demand for residential property as an investment is still strong, and surprisingly people are even slightly more bullish about buy-to-let investments than six months ago. We saw a rush to buy in the first quarter of this year as investors capitalised on buy-to-let property purchases before the stamp duty increase took effect in April.
‘It remains to be seen, however, if this appetite for investing in the residential market will now come to a hard stop following the stamp duty increase, or whether it will continue given the scheduled personal tax relief changes and the continued uncertainty surrounding a potential Brexit.’
Resource: http://www.residentiallandlord.co.uk/
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