Female investors prefer to put their money in property rather than a savings account.
A survey by the National Landlord’s Association (NLA) found that 74% of the 500 female property investors polled believe bricks and mortar offers a better return than putting their money in a bank.
Seventy percent said they plan to expand their property portfolio in the next year, whilst more than a quarter (28%) said the recession has made no difference to their investment plans.
Over half (55%) have started to offer added extras to retain tenants during the downturn with 41% freezing rent for long-term tenants.
David Salusbury, NLA chairman, said: “Female landlords demonstrate that with professionalism, creativity and a flexible approach, property can be a solid investment during the recession.”
The research was conducted to coincide with the launch of the NLA Property Women Awards 2009, which recognise the achievements of female landlords.
Melissa Porter, who launched the awards, said: “Amidst the adversity in the market place, it’s both empowering and reassuring to be involved with a team of people who are creating opportunities and taking control.”
In related news, SmartLandlord.co.uk recently advised UK landlords to overpay on their mortgages as lending criteria is set to tighten in 2010.
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