23
Jan
But to let investors urged to stay calm
Buy to let investors can rest assured their investment in the
property market will not be jeopardised, it has been claimed.
This week's slump in shares on the financial markets might lead
some to think that the knock on effect will lead to a fall in the
housing market, Assetz said.
However, according to the firm's chief executive Stuart Law, the
outlook for bricks and mortar is healthier than it appears
He explained: "While rumours of a 20 per cent fall in the
commercial property market are rife, current sales are being
distorted by distressed property funds, which are forced to sell in
the current climate to fund unit redemptions."
However, in order to make good on your investment, you must keep
your head and resist the temptation to get out of the market in the
short term, he said.
"My message to buy-to-let investors is that there is no need to
panic - a fall in interest rates is imminent and with reports of
reduced mortgage rates to follow and rising rentals, investors can
be confident of strong returns in 2008."
