Friday, February 1, 2008
Industry in better zhape than reported
This news may not be much of a revelation to those who have seen the optimistic outlooks presented by the recent surveys from Bradford and Bingley, Alliance & Leicester and ARLA, all of which have shown high levels of investor optimism. In the announcement by Nationwide of its latest monthly house price index, which showed a 0.1 per cent drop in January, senior economist Martin Gahbaur said: "We do not believe that the long-term fundamentals of buy-to-let are as poor as recent commentary suggests." It is clear the buy-to-let property market is still healthy for longstanding landlords, especially for those in the south-east.