Monday, Aug 02, 2010
From boom to gloom to rooms
This is Money: Buy-to-let guru reveals his latest forecast
This is from a 'rare interview' with Andreas Panayiotou, who called the top (and sold property worth £1bn) and the bottom of the market (remember him on that BBC house prices programme last year). He's suggesting further rises over the next decade - but very small increases. Although he seems to be investing in hotels instead.
Posted by tom d @ 01:43 PM (805 views) Add Comment
3 Comments
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1. mr g said...
Perhaps he's investing in hotels as he sees a sharp increase in demand from the DSS or whatever it's called now, for bed & breakfast accommodation when interest rates rise and repossessions start to increase.
2. easybetman said...
Pretty reasonable - he said buying 30% off peak price properties with 35% deposit with 7% yield only. He also said expect max of 1-2% capital yield for 10 years and call it the 'great freeze'.
3. little professor said...
I remember this guy from the tv show. Not your usual smarmy BTL pwoperdee millionaire, he seemed pretty sensible about the whole thing.