Interest rates go up again…

Yesterday, the Bank of England raised the base interest rate to 5.25%.

One of the main reasons behind this move is alleged to be the expected continuation of the house prices increases in 2007.

This is the third rise in a row within 5 months.

However, the European Central Bank decided keep its rates flat at 3.5%.

Estate Agents Maidenhead indicate that this will have serious effects on the Maidenhead and Berkshire property market.

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