News Index | 1 1/2% interest rate cut!

1 1/2% interest rate cut!

We have spent the last few days analysing the affect that the substantial and unprecidented interest cut by the Bank of England may have on the property market.

The general concensous is that the overall affect will be positive. This, with the news released by the Nationwide Building Society that values have dropped by 15% in the last 12 months begs the question whether or not the market has now bottomed out.

It will only be with hindsight whether or not we are able to confirm if this is the case. Whilst the world ecomonies still struggle, it could well be that the outlook for the property market is slightly more optimistic. Our belief is that with rental incomes still rising that the investors and possibly first time buyers will be encouraged back into the market place believing that this is genuinely the best time to purchase a property for the last decade.