When it comes to financial goals, more women are investing than ever before. And with property investment being one of the most popular forms of investment in the UK, we have started seeing an increase in the number of female investors.
A recent poll identified 2.6 million landlords in the UK, with approximately 2.2 million in England. The number of women investing in buy-to-let properties has increased each year, with just over 1.1 million female landlords in the UK.
Why the recent increase?
More women see buy-to-let properties as a low-risk investment, compared to shares, bonds or cryptocurrency.
The good news is that not only are women investing more recently, but more are showing an interest in investing in property and can bring their unique skills to the industry to help solve the housing shortage crisis.
Why are there More Female Landlords Now?
While some men are focused on fast return investments like cryptocurrencies, women prefer lower-risk investments like real estate.
Real estate and especially, buy-to-let properties can provide a solid investment with strong yields, especially if you have chosen the right property in the right area.
These investments help women have a successful career, raise children, while providing additional financial independence, as the income from the buy-to-let properties helps women close the wages gap between male colleagues.
What’s more, the buy-to-let investments provide more freedom and financial stability than other jobs. It gives women an opportunity to leave their career to become a landlord full-time.
More women are becoming savvier when it comes to financial freedom and independence and are looking for good long-term investments.
And now is a good time for more women to take advantage of the property market. Not only are returns solid depending on the type of property and the location, but there is a high ongoing rental demand, as more people choose to rent.
What Women Bring to Property Investment
As we have mentioned in previous articles, there are significant housing shortage challenges throughout London and the UK.
What is needed in the property industry is innovation, creativity and consideration of the bespoke needs to future tenants.
Research undertaken on the past trends, new perspectives and future directions of women business owners has identified that female entrepreneurs are more sensitive to non-financial issues.
Women consider social contribution in their decisions and want to ensure the quality of their products. In addition, good relationships are important to women.
Based on this, women can help bring innovation, social conscious, creativity, quality and human connection to the property industry.
What You Need to Consider Before Becoming a Landlord
Although buy-to-let properties can be a good investment there are risks to consider. That’s why we recommend that you take the following steps:
1) set clear goals and strategies that work for you, your family and your lifestyle
2) do thorough research to find the right location and property
3) determine what property structure you want – is it best to have a freehold, leasehold or an HMO property?
4) consider what property features your future tenants really want
5) determine the total investment costs
6) be aware of what your time and expenses commitment will be when renting and managing a property
We recommend that if you are thinking about investing in a property that you start by getting professional advice, so you can make a considered decision.
At REKA Property Management, we give our clients the facts about the property industry and focus on getting the best return on your investment.
If you want to know how to achieve solid rental returns and have peace of mind with your property, then call us on +44 (0) 203 286 6468 or email us at Admin@RekaProperty.co.uk