Women managing property ‘alongside lives’
September 17, 2007 by admin
Filed under News, News-Mortgages
Women in the UK are increasingly turning to property investment and continue to manage their portfolios alongside their careers and the rest of their lives.
That’s according to research carried out by Bradford & Bingley, which revealed that 76 per cent of female property investors also have separate jobs.
What’s more, the study showed that 42 per cent of respondents handle much of the renovation work needed on properties themselves, with 26 per cent saying they plan to buy more properties in the next year.
“Women are taking control by buying and renovating properties and are being hugely successful at it,” said actress and property investor Fiona Fullerton.
“Many women have a strong business sense and when combined with an innate ability to multitask and a key eye for design, it can often create a winning formula.”
Despite this, of the 90 per cent who have dealt with tradespeople, 48 per cent believe they are offered quotes that are higher simply because of their sex.
The report also revealed that 47 per cent of women investors view property as a replacement for a pension, and ten per cent made £50,000 or more when selling properties on.
