A new YouGov survey has been carried out by TheHouseShop.com and the results show that 1 in 5 Brits believe that the safest option for investment is Buy-To-Let. For long term savings, and when discounting the ‘I don’t know’ answers a fifth of those who participated thought Buy-To-Let property investment was the best option. In response to the surveys, high Interest ISAs are also a popular option, with 34% of those asked thinking they are the best for long term investment.
In more worrying results, a quarter of the people involved in the research though that they weren’t confident in any long term investments for their savings. TheHouseShop.com asked: Which one, if any, of the following do you think would be the “safest investment option” for your long term savings. In a more financially wary time than before, people seem more cautious when looking at investing their savings.
When compared by demographic, older generations answered saying they would be less likely to trust Buy-To-Let investing as a long term solution. 15% of respondents aged 55 and over selected this market as their answer. In comparison, 25% of 35-44 year olds thought Buy-To Let was the better investment. The older generations seemed to prefer long term ISAs, with 36% choosing this.
The Buy-To Let markets has experienced cuts to the tax relief in this sector as well as an increase in Stamp Duty. Yet it is still seen as a credible option for long term investments.
It is thought by experts that it is more concerning that there is a sector of people who feel that they don’t have a safe option for their long term investments. This group of people could be more pessimistic about the market, or could be fearful that interest rates on Buy-To-Let properties could increase rapidly.
Based on location, Londoners are more optimistic about stocks and shares as an option for their long term investments.