House Prices Fall in December
2006 - Buy to Let Mortgages
Halifax figures estimate a decrease
in house prices in December 2006.
Last month Halifax stated that house
prices fell by one per cent following stiff rises in October and
November, but for the start of 2007 Halifax feel there will be
a slow increase.
Property experts still feel there will be an increase in 2007
due to past history figures and trends.
"Higher interest rates, greater
pressure on household finances and subdued real earnings growth
will, however, constrain housing demand," stated Halifax
chief economist Martin Ellis.
"We expect house prices to increase
by four per cent in 2007."
This year the buy to let market will
be in heavy motion and experts expect high levels of activity,
this is due to high inward migration also strong tenant demand,
places like the south-east area also London.
The Paragon Mortgage figures
showed around 2006 the middling yields for buy to let investors
gained around the 10 thousand pounds mark up. Experts still feel
it is a good idea to ‘buy to let’ however only in
the right places.