Local Community News


newhomespanProperty investments are set to rise on the Isle of Wight following changes in pension laws with leading housebuilder Barratt Homes already reporting increased interest.

A recent survey by the housebuilder revealed that 43% of people would consider property if they were looking to invest £25,000, and the survey showed that more than 50% believe property is a safer investment than shares.

The survey also revealed that 70% are looking for a regular income from their investment which suggests that property would fit their bill perfectly.

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Barratt Homes sales director Michelle Storer said:

“Although property investors are in a minority the fact that almost 43% would consider bricks and mortar is positive news.

“A good rental property makes a compelling investment that can not only offer a monthly rental income but provide the investor with a capital growth and realise a potential return if and when they choose to sell.

“People also believe that bricks and mortar are a safer investment than shares so our role now is to ensure that people can easily be guided through the property investment process.”

Although property investments are set to rise the survey confirmed that savings accounts continue to be the most popular haven for investors on the Isle of Wight – despite the fact that property can provide better long term returns.

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