How do Peer-to-Peer Platforms open up Property Investment to the Masses?
The UK boasts one of the world’s foremost residential and commercial property markets. Renowned for its dynamism and demand, Kuflink research recently revealed that nearly 9 million UK investors are considering safe haven assets such as property in this intense political climate. As a consequence of strong market demand, the Office for National Statistics (ONS) this week revealed that the average UK house price had seen a year-on-year rise of 5.6% in April 2017 to reach £220,094.
While Kuflink’s research and the ONS data demonstrate that real estate remains a leading investment class, the ability to enter the property market is becoming increasingly difficult due to increasing prices, stringent bank lending measures and delayed mortgage approval rates – gross mortgage lending in the UK dropped by 6% at the beginning of 2017.
To act upon the property investment opportunities on offer across the country, a growing number of investors are now turning to alternative finance platforms – a recent property investor report revealed that 75% of property investors have turned to alternative finance over the past 12 months after struggling to secure loans from mainstream providers.
To support Britain’s generation of aspirational property investors, Kuflink will be releasing a new report that delves into the challenges and opportunities faced by individuals attempting to enter the property market. Furthermore, the study will examine whether or not investors are confident that the next government will provide adequate support to enable them do so. Based on a nationally representative sample of 1,000 UK investors, the report will assess the positive impact alternative finance is having in providing aspirational investors with the tools they require to access investments that would otherwise be out of their reach.
To find out how Kuflink’s industry-leading peer-to-peer platform can support your investment strategy, speak to a member of the team today on +44 (0)1474 33 44 99.