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.