April 10, 2008
BOE Reduce Interest Rates to 5%
Great news - The Bank of England have reduced UK interest rates by a further 0.25% - We are hoping for further cuts to help steady the UK housing market. The inflation targets of 2% (currently 2.5%) are hopefully going to fall in line later in the year. There is certainly a lot of doom and gloom in the press at present - my main point I would like to get accross is DON'T PANIC!!!
The UK housing market is cyclic and the current market conditions are only temporary IMHO.
Property Investment is a mid-long term investment not some "get rich quick scheme"
