Buy-to-let market: The number of UK property tycoons set to double by 2010

May 1, 2007

For many young Brits the prospect of owning their first home is just plain wishful thinking. But adding insult to injury for these wannabe first time buyers, latest research from MINTEL finds that today as many 2 million UK homeowners (7%) own a second home in the UK or abroad. At present one million of these real estate moguls (3% of homeowners) are buy-to-let landlords, owning property in the UK that they let out, while the rest simply enjoy the luxury of having more than one place they can call home. Looking to the future, MINTEL’s research shows that within the next 3 years, a further one million homeowners (3%) want to have another property in the UK that they can let out, so doubling the total UK buy-to-let market by 2010.

Related articles
February 27, 2024
Thai consumers are increasingly turning to online channels for travel inspiration and to share their experiences, according to Mintel research. Before embarking on a trip, 53% of…
November 30, 2023
Inflation has changed the way consumers spend their money. It has also changed the way they live. The latest research from Mintel reveals that 48% of Thais…
November 23, 2023
Despite financial instability, 50% of Indian consumers are focusing on enjoying the present moment and making financial decisions that emphasize immediate gratification. According to new Mintel research,…

Download the Latest Market Intelligence