A recent survey by property website Zoopla found that there are over 750,000 property millionaires in Britain. One of these is self-made multimillionaire and property tycoon, Aaron Scott, who has launched a property fund for Q4 2019.
“There’s a window opportunity for the buy-to-let and serviced apartment market – especially with Airbnb going from strength to strength. Hotels are overpriced yet under deliver so I want to fill that gap in the market,” explained Aaron B David who is also one of Britain’s youngest property buy-to-let millionaires.
He continued: “I set up the property fund portfolio to help investors and it aims to deliver returns of above 10% per annum.”
But that’s not all. Users can also benefit from long-term growth, and a stable and low risk investment. It’s also a low maintenance option for investors – not to mention a tangible asset. And if Aaron B David past success is anything like this new venture, then it’s definitely not something to miss.
The property fund aims to generate high monthly yields and flip every 10 years for major profit. While it will focus on the UK, the fund will also be made available for serviced apartments in some of Europe’s hottest locations.
It comes as it was revealed that the number of homeowners in the UK is falling rapidly. In 1991, two-thirds of all people aged between 25 and 34 owned their own home. By 2014, this had dropped to a third, according to government figures. Rent in London is set to rise 15.9% in the next 5 years – and house prices in the capital have risen 72% in the last 10 years.