Inside Track closure 'unrepresentative of market'

The closure of property investment company Inside Track should not scare buy-to-let investors off the market, it has been claimed.

According to Chris Horne, editor of Property Hawk, many buy-to-let investors are unduly concerned about a slowdown in the housing market as result of the collapse of Inside Track.

He acknowledged that its downfall would do little to reassure investors, but insisted the company represented the "pinnacle of short-term property speculation" - a tack that differs sharply from that pursued by most investors.

In sharp contrast, Mr Horne explained that the majority of long-term investors "are probably now turning their attention to the possibility of picking up bargains at auction.

"A lot of buy-to-let investors are probably taking stock … I would imagine that a lot of investors are probably waiting on the sidelines - if there is a great opportunity then they may dive in."

Recent research by the Mortgage Warehouse found that barely one in ten property investors are expecting to downsize their portfolio in the year ahead.

News posted on 7th May, 2008