Buy-to-let property soared in popularity as an investment vehicle, increasing by 2% in the last thre...
Buy-to-let property soared in popularity as an investment vehicle, increasing by 2% in the last three months, according to the Standard Life Savings and Investment index. This means buy-to-let is the second most popular savings medium after consumers' own homes.
The index also highlights that the proportion of people saving has decreased in the last three months.
Trevor Matthews, chief executive of Standard Life Assurance, said: "Our Savings and Investment index clearly shows the UK saver prefers to invest in bricks and mortar. It is worrying that overall the savings gap appears to be widening and this issue needs to be addressed by the industry."
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