Landlords set to see a ‘pretty decent house price growth’

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 8, 2010 -- Continued low interest rates could result in healthy growth for house prices according to property letting
agent Savills. This is encouraging news for many landlord insurance policy holders.

Earlier this month, the Bank of England’s Monetary Policy Committee revealed it had voted again for
interest rates to remain at an all time low of 0.5% - the rate they have been since March 2009.

Savills director, Lucian Cook commenting on interest rates said, keeping them low would help to reduce

the potential falls in the property market this year. He expected house prices to rise in 2011, if the
economy was lifted out of recession and increased lending was offered by mortgage companies.

Cook said, If those two things happen at a time of low interest rates then, given that mortgage affordability
is so high, I think that will translate into some pretty decent house price growth and much more sustained
house price growth than we saw last year’.

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