Upcoming interest rate decision 'not important', investors advised
27th February 2009
News about investments brought to you by the SimpliGroup - Helping you make your money work for you
Property investors and potential first-time buyers shouldn't get too hung up on the forthcoming interest rate decision, the Royal Institution of Chartered Surveyors (Rics) has advised.
At present, the base rate of interest stands at an all-time low of just one per cent, with a number of property experts having credited the Bank of England with breathing life into the real estate market through its recent cuts.
However, while some quarters are now anticipating a further cut, Simon Rubinsohn, chief economist at Rics, has explained that it is unlikely to have any major impact, suggesting that property investors would be better off concentrating on recent house price falls.
"My feeling is that it's not terribly important now, the base rate, it's not really doing a lot," he said.
"Technically they could cut it further but they may want to concentrate their energies and begin to embark on quantitative easing."
According to the latest figures from Nationwide, house values across the UK fell by an average of 1.8 per cent in January, spelling good news for real estate investors.
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts ? they will guide you through the process. (www.simplicityfinancial.com)
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UK Property Investment
27th February 2009
News about investments brought to you by the SimpliGroup - Helping you make your money work for you
Property investors and potential first-time buyers shouldn't get too hung up on the forthcoming interest rate decision, the Royal Institution of Chartered Surveyors (Rics) has advised.
At present, the base rate of interest stands at an all-time low of just one per cent, with a number of property experts having credited the Bank of England with breathing life into the real estate market through its recent cuts.
However, while some quarters are now anticipating a further cut, Simon Rubinsohn, chief economist at Rics, has explained that it is unlikely to have any major impact, suggesting that property investors would be better off concentrating on recent house price falls.
"My feeling is that it's not terribly important now, the base rate, it's not really doing a lot," he said.
"Technically they could cut it further but they may want to concentrate their energies and begin to embark on quantitative easing."
According to the latest figures from Nationwide, house values across the UK fell by an average of 1.8 per cent in January, spelling good news for real estate investors.
Are you looking to Finance your UK investment? Simplicity Financial Services are experienced whole of market mortgage brokers who specialise in UK mortgages. Speak to our experts ? they will guide you through the process. (www.simplicityfinancial.com)
<< Back to News