Buy-to-let investors miss out on bargains as market remains constant
Whilst other house prices have plummeted, the price of buy-to-let properties has remained largely constant over the last year, the Financial Times reports.
This means that buy-to-let mortgage seekers will not be able to take advantage of low housing prices and buy up properties when they are cheapest.
Investment, however, has been flourishing in early January, according to estate agents. London-based agent Cluttons claims that this has been the busiest start to a year in five years with regards to buy-to-let property sales.
January 20th, 2009 at 5:45 pm
Surely the latter explains the former - prices have not dropped because there is still demand from investors?!
January 23rd, 2009 at 9:42 am
A few properties are obviously buy-to-let, e.g. those with separate lockable rooms. But how do you tell with the others?!