Thursday, 12 August 2010
Buy-to-let investors have proven that interest rates are more of a worry
than price drops,
government spending cuts
and douple-dip recessions.

The survey conducted by property investment education group YPC showed that 78% of the investors surveyed said that raising interest rates was their biggest concern, 18% said government spending cuts, 9% a double-dip recession and 3% falling house prices.

Commenting on the results, Chairman Brett Alegre-Wood said:

"The results are not surprising, people fear not being able to pay the mortgage more than they ever do prices dropping, most buy-to-let investors are in for the long-term so they realise that the long-term prospects for property are still great.

"My comments about these fears are that it doesnt matter what happens, double dip, falling house prices or massive government spending cuts. The fact is that interest rates will be going up sooner or later