According to a new report from Birmingham Midshires Not So Average Joe campaign, of the two million Britons intending to buy a property for investment purposes over the next six months, almost one in four will do so in order to help their children take the first steps onto the property ladder.
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Fathers are almost twice as likely as mothers to invest in a buy-to-let for their childrens sake.
Strong property prices over recent months have driven almost half of those questioned to favour the buy-to-let market over the stock market.
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Almost one in five have invested in buy-to-let because of its tax efficient nature. A further 19 per cent of Brits intend to capitalise on the strength of the buy-to-let market as they opt for a career change and try their hands at property development. This figure rises to almost a third amongst the over 55s.
Time Hague, managing director of Birmingham Midshires, said: A solid property market coupled with changing family demographics has resulted in more and more Brits turning to property in order to benefit from the long-term capital returns.
However, we urge caution when it comes to choosing where to invest your money. Our findings have shown that people are rejecting traditional investments in favour of the property market. While the buy-to-let market continues to perform well, it is important that investors do not put all their eggs in one basket. A broad portfolio of investments will offer more security.
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