Buy-to-let investors show no signs of wanting to sell their properties despite recent rate rise and speculation about a housing market bust, reveals the Royal Institution of Chartered Surveyors.
According to latest findings by RICS, only 12% of buy-to-let property owners whose contracts came up for renewal in April opted to sell the house rather than re-let it. This is only a fraction up compared with the 11% figure recorded in October last year - seven months before the interest rate rise. Other figures even indicate the interest in the buy-to-let market is increasing. RICS says around 43% of properties that came onto the market in April this year were owned by landlords who where new to the buy-to-let business, compared with 41% in Ocotber last year. North-east, in ...
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