Over the past 10 years, property prices in the UK have sky rocketed and this has tempted many people to invest in property. However, over the past year, the property market has slowly cooled with interest rate rises kicking in and the recent global credit crunch leading to many people and journalists predicting that the bubble has finally burst for the buy to let and the property market. However, we beg to differ….
Buy-to-let investors have shrugged off a slide in the value of rented houses with almost half of existing investors planning further purchases in the market.
Nine out of ten buy-to-let landlords surveyed during the last quarter of 2007 state they have no intention of selling their properties for nearly 17 years, implying they have not been shaken by the credit crunch. Additionally, four out of ten landlords said they intend to invest further in the Private Rented Sector this year.
A husband-and-wife team from Edinburgh has been given the task of setting up a £100m-plus residential property fund by HBOS, the bank.