Monday, August 13, 2007
Fears grow that further interest rate rises will trigger a propertry crash
Rental demand is increasing according to ARLA and this is thought to be partly due to people fearing a property crash and hence holding off buying. According to Knight Frank rental instructions are 15% down as canny BTL investors are leaving the market and investing elsewhere. It looks like the rush to exit the BTL market is building momentum, despite possible rental increases.