Young Group

Rent brand new luxury apartments from £310pw Bridges Wharf, Battersea, London, SW11

Young London (www.younglondon.co.uk) has been shortlisted as one of the best letting agents in London by the Estate & Letting Agent Awards, sponsored by PSG

The UK’s Bank of England Monetary Policy Committee (MPC) has reduced base rate by a further 0.5% and voted to begin quantitative easing, a less conventional economic stimulus to increase the money supply.

It is widely predicted that the UK’s Bank of England Monetary Policy Committee (MPC) will announce a further cut in base rate following February’s rate setting deliberations.

The UK ground to a halt this week as the result of a straining transport network brought to its knees by the heaviest snowfall in 18 years.

House price data for December 2008 issued today by the Land Registry indicates that UK house prices fell by 13.5% during 2008.

Today’s decision to reduce the base rate by 0.5% to an all time low of 1.5% was widely anticipated but base rate cuts alone are no longer an effective economic tool.

Latest Young Index results from Young Group have, perhaps unsurprisingly, identified that house price stability and wider mortgage choice are top of this Christmas’ wish lists.

As a result of this year’s base rate cuts, the buy-to-let sector will boost the Treasury’s coffers by more than £400 million, according to property portfolio managers, Young Group.

- The Landmark, Marsh Wall, London, E14 -