Women in Property

An overview of the Bradford & Bingley’s survey of 1,000 women in property


1 Research by Bradford & Bingley has revealed that female property investors are just as ambitious and switched on as their male counterparts, showing themselves to be master multi-taskers.


2 The survey of 1,000 women consolidated their position in the property market, showing over three-quarters of those questioned, or 76 per cent, successfully hold down day jobs in addition to managing their investment portfolios.


3 Alongside this, 42 per cent of women have taken on much of any renovation or improvement work needing to be done to a property themselves.


4 This broke down further, with 35 per cent of women already having taken on improvement or renovation work, and 7 per cent who have and would do it again.


5 Yet, while 90 per cent of female property investors deal personally with trades people, 48 per cent of these felt that trades people quoted them higher prices purely because they are a woman.


6 Despite such hurdles, 26 per cent intend to invest in further properties within the next 12 months.


7 The research was commissioned to mark the launch of Bradford & Bingley’s Property Woman of the Year Awards, which recognise the success of women in the property investment market.


8 A third of women in property were 30 years of age or under when they bought their first investment property, the study indicated.


9 This bucked the national average of 34 years old, Bradford & Bingley’s research into women and the property investment market stated.


10 According to the research, 21 per cent of women in the property investment market were over the age of 50 when they bought their first investment property.


11 Bradford & Bingley suggested that age, as well as gender, was no barrier to property investment.


12 According to the women in property investment report, 59 per cent of those questioned cited investment potential as a key motivator to buy a property.


13 47 per cent indicated that property was viewed by them as a pension replacement.


14 Looking at the financial rewards of property investment, of those questioned, 10 per cent of women made £50,000 or more when they sold their investment properties.


15 9 per cent earn £10,000 a year or more on their property investments, Bradford & Bingley’s study indicated.


16 Fiona Fullerton, who owns several investment properties to the value of over £2million, said: “Women are taking control by buying and renovating properties and are being hugely successful at it. Many women have 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.”


17 Fiona Curtin, buy-to-let expert at Bradford & Bingley, commented: “The last few years have seen a huge growth in the number of women investing in property.”


18 All statistics quoted were taken from Bradford & Bingley’s survey into women in buy-to-let, commissioned through YouGov.


19 YouGov conducted the survey between 22-29 August 2007 on a sample of 1,025 female property investors.


20 The Bradford & Bingley survey into women and property investment and development was conducted online, with all data unweighted.

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