BOE drops interest rates to 1% – is this good for us or bad?
Here it is! I think we all new this would happen, the BOE has dropped its rates again another .5% to 1%.
What does this mean for us? If you’re thinking about investing in property now is the right time. The banks are not offering interest rates worthy of your savings.
Buy property in Western New York and get double digit yields, and with capital appreciation on target for another 5-6% this year – this is the definition of ‘making your money work harder.’
It’s no big surprise that if your own economy is crumbling, then you look elsewhere to shelter your money.