Market conditions suit some investors

Posted: 08 May 2008 10:49:39 GMT

The collapse of investment company Inside Track should not be of concern to buy-to-let property investors who look to the long-term.

The collapse of investment company Inside Track should not be of concern to buy-to-let property investors who look to the long-term.

That is according to Property Hawk, which said that long-term investors are more able to ride out the difficult times.

Inside Track collapsed as a result of the global credit crunch and the resulting impact on the housing market.

The firm dealt with short-term investments and was concerned with making quick returns.

However, Chris Horne, editor of Property Hawk, said that long-term investors should not suffer the same fate and may actually benefit in the current market.

"[Inside Track] probably represents the pinnacle of short-term property speculation. But the long-term investors are probably now turning their attention to the possibility of picking up bargains at auction," he revealed.

"There are a lot of new apartments that were sold, ironically, by Inside Track, and now they're appearing at what really is a discount to the market value – as opposed to an applied discount to the developer's price.

"You can find properties being sold at a 30 or 40 per cent reduction from what they were originally sold at," continued Mr Horne.

© Houseladder Ltd

MORE UK PROPERTY NEWS: May 2008

Prime market going strong  Posted: 13 May 2008 11:02:12 GMT
The UK's prime property market continues to perform well despite the global credit crunch.

Region strategy for east of England receives mixed response  Posted: 13 May 2008 11:01:11 GMT
The government has published its Regional Spatial Strategy (RSS) for the east of England.

Financial advisors have a role to play  Posted: 12 May 2008 11:40:56 GMT
Independent financial advisors have a role to play in helping homeowners in financial difficulties.

Rise in millionaire households  Posted: 12 May 2008 11:40:14 GMT
A new report has revealed a substantial rise in the number of UK properties sold for at least £1 million.

Tory leader to speak on countryside housing issues  Posted: 09 May 2008 13:17:53 GMT
David Cameron is to give a speech on the future of the UK countryside.

Market conditions suit some investors  Posted: 08 May 2008 10:49:39 GMT
The collapse of investment company Inside Track should not be of concern to buy-to-let property investors who look to the long-term.

Rics calls for mortgage continuity  Posted: 08 May 2008 10:49:12 GMT
The Royal Institution of Chartered Surveyors (Rics) is keen to see more continuity in the mortgage market.

Buyers' market enables first-time buyers to drive a hard bargain  Posted: 07 May 2008 14:58:04 GMT
First-time buyers are forcing down property prices, it has been claimed.

Spending plans altered as credit crunch hits consumers  Posted: 07 May 2008 14:57:15 GMT
The credit crisis is impacting on people's spending habits, it has been revealed.

Buy-to-let market affected by credit crunch  Posted: 06 May 2008 13:23:34 GMT
A rise in the demand for rented accommodation has not been accompanied by an increase in the number of buy-to-let mortgage products on the market, it has been revealed.

Gazundering issue leaves Brits in a flux  Posted: 06 May 2008 13:21:05 GMT
UK homebuyers have strong opinions when it comes to the issue of gazundering - but many of them are conflicting, it has been revealed.

Govt needs to focus on empty homes  Posted: 02 May 2008 11:02:01 GMT
The government needs to look at bringing empty homes back into use if it is to meet its housing targets.

Poll points to rate freeze  Posted: 02 May 2008 11:01:09 GMT
A new poll suggests that the Bank of England's Monetary Policy Committee (MPC) will wait until June before cutting the base rate of interest.

SLS receives CML support  Posted: 01 May 2008 12:23:58 GMT
The Bank of England's Special Liquidity Scheme (SLS) has received support from the Council of Mortgage Lender.

Lenders and intermediaries remain upbeat  Posted: 01 May 2008 12:23:24 GMT
It appears that many mortgage lenders and intermediaries remain confident about the prospects for the housing market in 2008.

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