The Savills Blog

The rise of the 'future proofer'

The rise of the future proofer

Recent years have seen a significant rise in the number of people buying country properties which they have no intention of moving into – yet. Instead, these properties are being let until their owners are ready to move in themselves or, in some cases, cash in their investment to fund future requirements.

Known as 'future proofers', these buyers most commonly look for properties that will suit them five or 10 years from now: three bedrooms to accommodate visiting adult children, with large reception areas so they can continue to entertain. They tend to favour properties with balconies rather than gardens that will need maintaining, and look for proximity to shops, restaurants and transport facilities.

Because their requirements are so specific, future proofers are prepared to wait – sometimes for several years – until a property which exactly matches their requirements comes on the market. Equally, if the perfect property comes up for sale now, they are likely to make the investment, recognising that they may struggle to have a similar opportunity again.

The average rental yield on country property lies between 3 per cent and 4 per cent, depending on property type, location and condition. However, it is often the capital appreciation that these new investor landlords find most attractive.

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