PFL in the News
17th January 2008
Inflation - more cuts?
The Bank of England's quarterly inflation report shows that inflation will hit targets for 2008.
David Austin, managing director of Property for Life, the UK based property investment consultancy, believes this to be "encouraging news for consumers". Commenting on it, he said: "The way has now been left open for a reduction in the base rate early next year and we would welcome a decision to this effect. '
Although consumer spending is reported to have remained buoyant, the property market has become more subdued, with rising repossessions. Home owners and property investors will be encouraged by the Bank's signal that rates will shortly be on their way back down, relieving the recent pressure of increased repayments.
Confidence in the property market remains strong however, with 76 per cent of serious investors still certain that now is a good time to buy."
