Thursday, Nov 30, 2006

Interest Rate Slap for BTL Interest rate hike slowed buy-to-let market

Instructions to let property rose at the slowest pace since Q2 2005, says RICS Lettings Survey published today. The slowdown was skewed primarily towards flats as buy-to-let investors expressed caution in the market, reflecting a fall in landlords profit margins as a result of rising interest rates. The BTL house of cards begins to wobble.

Posted by tinecu @ 10:38 AM (463 views)
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