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Interest rates have now been cut to 1.5 per cent.  The last time they were as low as this was 1694 when the Bank of England was established to manage mounting debts.  Nothing changes.

 

In England at that time William III was on the throne – it was the beginning of the William and Mary period.  Peter the Great was the Russian Czar.  Handel and Bach were young music prodigies, and Isaac Newton was greatly influencing scientific thought.  Following the Pilgrim Fathers, British and Dutch settlers were continuing to colonise North America, where two years before 19 women were hung in the Salem Witch Trials in Massachusetts.

 

If history repeats itself it could be 2324 before interest rates are as low again.  This rather suggests that now is as good a time as any to take advantage of these rates and enter the property market.  With prices back to 2003 levels - when there was huge activity in the market - this makes even more sense.

 

If you require help or advice in relation to the sale or purchase of your next property, please contact us on 01332 383838