Tony Alexander Survey Report May 2022

Key points of interest from this month’s survey

• There continues to be a decline in the proportion of investors looking for a new property who will undertake the development themselves.
• The ease with which investors can find good tenants is slowly falling away.
• Bank willingness to lend is becoming “less worse”.
• Interest in purchasing existing townhouses remains low, but demand for new ones is strong.
• Despite rising interest rates there is no hastening move towards reducing debt levels.
• However, an increasing proportion of investors are reporting they have no mortgage.