Mike Slade CEO of Helical Bar is advising people to buy investment property "like hell", as he claims never to have seen such a gap between yields and borrowing costs.
All very well, maybe, if you are a professional property company with many years experience. However, the rest of the country may well be advised not to follow that advice:
1 Borrowing the money from the banks, at a decent rate of interest, is not that easy.
2 Interest rates in the next year will most likely rise.
3 There are buying opportunities (eg distressed sales etc). However, these are most likely to be snapped up by companies such as Helical Bar.
4 Helical Bar doubtless has a greater cash cushion than most, to enable it to ride out a crisis in the event that they are wrong.