Research from Barratt Homes has revealed that almost 60 per cent of people have their money in a savings account and 48 per cent said they would continue to invest their money in a bank if they had £25,000 to spare.
The One Poll research revealed that only 8 per cent of people currently invest in property but that 39 per cent of people would consider property if they were looking to invest £25,000. More than 43 per cent believe property is a safer investment than shares.
However, the housebuilder believes that recent pension changes have given people greater freedom over how to invest their pension and this could see a rise in investment property purchases.
Sales Director at Barratt Homes West Midlands, Graydon Worthing said:
“Although property investors are in a minority the fact that almost 40 per cent would consider bricks and mortar is positive news. The survey also revealed that more than 60 per cent are looking for a regular income which suggests that property would fit their bill perfectly.
“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.”