Monday, May 12, 2008
At last, some optimism about the UK housing market
You have to admire the optimism of buy-to-let investors. House prices are tumbling, banks are pulling out and rents are stagnant, but according to a recent survey by Mortgage solutions, the BTL brigade feel just fine.
"The credit crunch has done little to diminish the appetite of buy-to-let investors, according to intermediaries, with 62% revealing their clients believe the current market presents good buying opportunities.
A survey of more than 300 intermediaries by Mortgage Express found the credit crunch appears to have had little impact on confidence among buy-to-let investors, with landlords remaining upbeat about rental demand."
Confidence? Buying opportunities? The BTL industry is about to have a Wile Coyote moment. Don't look down, there is nothing holding you up.