Tuesday, Sep 25, 2007
Crash "likely", BTL particularly vulnerable
Telegraph: Word on the Street
This won't make any regulars to this site fall off their seat with surprise - it tells us what we all knew all along - but it's yet another example of mainstream media talking about a crash. We've seen lots of this since NR. And the more of it we see, the more nervous the BTL brigade get. And the more likely they are to sell. And the more supply outstrips demand. Etc, etc, etc.
Posted by slappyrick @ 01:39 PM (379 views) Add Comment
2 Comments
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1. alan said...
A lot of houses changed hands over the summer holidays. Many of them were "old school" BTLers who cashed in from buying the properties in the late 90s Buyers were "new businessmen" who have arranged very highly geared deals anticipating big capital gains in 2007-08.
After all, look at the predictions by the EAs in the early part of this year.
Reposessions ahead, I think!
2. Baudot said...
In the interest of balanced journalism perhaps, this bearish web page has an amusing link.
http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/09/25/pflipping125.xml