Tuesday, September 18, 2007

Buy-to-let faces a Wile E Coyote moment

Buy-to-let is UK's bubble; N. Rock its needle:James Saft

LONDON (Reuters) - Buy-to-let property investment is Britain's version of subprime and the Northern Rock debacle will prove to be the needle that pops the bubble. Lending terms will be tightened, rates will rise, and most important of all, confidence will be hit. The army of small British property investors now taking on risk on a heroic scale will realize that an investment that costs more to own than it generates in income and stops rising in price is a bad idea.

Posted by rebecca @ 07:43 PM (520 views)
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