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02/06/2009
Interest rates tipped for hold |
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Interest rates will stay on hold when the Bank of England's Monetary Policy Committee meets this week, a poll has suggested.
The three economists quizzed by Adfero revealed that they all believe the base rate will be kept at 0.5 per cent this week and is likely to stay that way for a long time.
Such a situation could mean there is little or no change to the cost of commercial mortgages, which could help those looking to invest in property.
UK economist at Capital Economics Vicky Redwood said the emphasis has now shifted away from interest rate policy, stating: "The attention is on quantitative easing now so interest rates are going to stay unchanged."
Those keen on investing in commercial property in places such as Westminster or Ealing may wish to see a solicitor specialising in the field.
Last month the managing director for Europe at international real estate firm Knight Frank Christopher Bell said that the British commercial property sector is "closer to the bottom" than the European market.
Written by Pauline Adams
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