Private investors are understandably wary about the outlook for the property market. The same is true of banks, which remain reluctant to provide mortgage financing. Investing in property became popular because of fast rising prices and easy access to credit. It was a global phenomena and, although the trend was most extreme in the US, leading to the infamous sub-prime mortgage bubble that triggered the financial crisis, home-owners in the UK were also encouraged to overextend themselves with many investors putting large sums of money into the booming buy-to-let market.
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