Property Market Holding Firm
Posted on February 23rd, 2008 by Nicola Cairncross
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The National Association of Estate Agents (NAEA) welcomes move by the Bank Of England to reduce interest rates by a quarter percentage point to 5.25%.
Peter Bolton King, Chief Executive of NAEA says “Doom and gloom mongers have been working hard recently to spread their word about the problems in the market. The truth is though that the situation is not nearly as dire as some would have us believe. Our agents on the ground are reporting steady local markets in a large number of areas. While we may not be enjoying quite the heady price rises of recent years, the market is still holding it’s own for the time being”
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