Comment on the current property market:-
5 February 2009: The Monetary Policy Committee of the Bank of England today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.0%.
15 January 2009: Shetland MSP, Tavish Scott, has sought assurances from the Government that no-one selling a house on Shetland will be penalised because of failings in a database of Shetland properties.
8 January 2009: The Bank of England today dropped interest rates to 1.5% taking rates into territories as yet unchartered during the 315 year history of the Bank.
6 January 2009: The latest House Price Index released today by Nationwide Building Society reveals that Scotland remains the best performing part of the UK.
17 December 2008: The Federal Reserve in America has dropped its interest rates to zero. Technically the rate now occupies a range between zero and 0.25 per cent.
4 December 2008: The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.0 percentage points to 2.0%.
1 December 2008: The Royal Bank of Scotland has announced a helping hand to homeowners who find themselves in difficulty when making their mortgage repayments.
1 December 2008: From today, every home advertised for sale must, by law, have a Home Report.
22 November 2008: Shetland came out as having the best quality of life in Scotland in the third annual Halifax Quality of Life Survey which was published today.
18 November 2008: The dramatic 1.5 per cent slashing of interest rates by the Bank of England a fortnight ago is still percolating through to the general public, after lenders played catch-up with events.
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