Buy-to-Lets May Open the Door to Price Crash ; City Comment
Evening Standard - London › January 22, 2007
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Summary
A good idea on pensions FIVE years or more ago, the then head of the Financial Services Authority, Sir Howard Davis, delivered a robust warning to homebuyers on the dangers of buy-to-let.
He was concerned that buyers would gear themselves up on the assumption that interest costs would be stable, they would always find tenants willing to pay higher and higher rents and the capital value of the property would continue to rise. In other words, they could not fail to make a profit.See the full content of this document
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Buy-to-Lets May Open the Door to Price Crash ; City Comment
To some extent, his warning was premature because many people have done very well, but there are now signs of trouble ahead. An analysis by the Financial Times at the weekend found the price of new fla...
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