A new survey shows that 43% of people who are investors in the buy-to-let market plan to purchase another property in the next year. The survey was commissioned by EBS and Gunne Residential.
38% of those surveyed said they were getting a better return on their investments as their rental income has increased in the past year. This is up 18 points on last year.
Of those planning to buy another property in the next year, 20% said they would use their SSIA to fund the deposit, while 57% would borrow against another property.
71% of investors said they were buying property to provide a pension, while 51% said it was to build up a nest egg for their children. Dublin fell in popularity as an investment location, with 42% having their investment property in the city, compared with 52% last year.
The research was conducted by Millward Brown IMS with 200 buy-to-pet customers.
