At least half of all properties will be second homes or buy-to-let (BTL) by 2026, according to lettingfocus.com.
David Lawrenson of lettingfocus.com said there were no limits to the growth of buy-to-let, and predicted that by 2026, 50 per cent of all housing stock would be either let out or used as second or holiday homes.
Mortgage activity drop
Research by Moneyextra has revealed a drop in mortgage market activity during July.
The Moneyextra report revealed the average value of mortgages completed by AWD Moneyextra customers dropped by 6.68 per cent between June and July to £137,591.65. The study also showed a fall of 5.76 per cent on the average agreed mortgage value in July 2005 of £145,944.69. The average value of loans completed during the first seven months from January to July 2006 was £141,797.56.
ifs to hold risk masterclass
The ifs School of Finance is to host a risk management masterclass in association with INSEAD on Monday 2 October.
The masterclass will be led by Professor Karel Cool who will be speaking on the strategic management of risk. The programme will review some of the key drivers of strategic risk and strategies to turn these risks into shareholder value.
