Fast-growing nationwide property developer, HJ Collection, has revealed that growing numbers of UK Landlords are continuing to ditch buy-to-let properties in favour of the alternative market, as interest rates remain at a 14-year high.
The developer, which specialises in leveraging permitted development rights to convert unloved commercial buildings into residential units, has welcomed in excess of 100 additional High Net Worth and Sophisticated investors to its network over the last 6 months alone – with the vast majority ex-Landlords looking to benefit from the stability of a bricks and mortar investment, without concern over volatile rates.
This comes as a recent report from the National Residential Landlords Association revealed Landlords have sold 300,000 more homes than they purchased over the last seven years, and ahead of the first alternative investment event to be hosted by HJ Collection in the Midlands this November.
Taking place on 16th November 2023 in Birmingham, the HJ Collection investor event will provide the opportunity for Midlands based Landlords and HNW investors alike to learn about the growing alternative investment market, the benefit of property bonds, and the likely returns that can be generated in comparison to BTL.
Discussing the changing market and forthcoming Birmingham investor event, Reece Mennie, CEO of HJ Collection, said: “The BTL market has struggled significantly in recent years, with 2023 certainly being one of the most challenging as Landlords battle high interest rates with tenants struggling amidst the cost-of-living crisis. Conversely, as more and more investors have come to realise both the ease of investment and level of returns that can be generated from the alternative market, the number of Landlords shifting from Buy-to-Let to Property Bonds has grown significantly as a result.
In hosting this dedicated investor event in Birmingham, we will provide an opportunity for existing and potential investors to network with like-minded peers, while gaining expert insight into the current status of the alternative market and its potential for growth during 2024 and beyond. In addition, we will be introducing our latest acquisitions and newest property bond, HJC4. This is the first event we have hosted in the Midlands, with the team and I looking forward to growing our presence in the region.”
Established in 2019 with a clear vision to help the UK overcome its housing crisis, HJ Collection has since evolved into reputable and dependable property developer with a proven track record of success.
Having accelerated growth by 40% during 2023, the developer now boasts over 15 sites under its portfolio with a GDV in excess of £100 million.