Lower mortgage rates have contributed to a drop in the UK's broadest measure of inflation - the RPI rate.

February's inflation reading stood at zero per cent, which was down from the 0.1 per cent figure for January.

The Office for National Statistics findings are the weakest reading in the last 49 years, although a number of economists had expected the rate to drop into negative territory this month.

Nevertheless, RPI is expected to continue in this downward trend and could hit minus four per cent at some stage in 2009, experts predict.

As well as lower mortgage rates, reductions in interest rates have played their part in the RPI decline.

Landlord advice for how to deal with the tough economic climate came this week from National Landlords Association chairman David Salusbury.

Speaking to UK Landlord, he said that it is important property professionals try to stay competitive, despite the constraints.

Property portfolio assessments should be undertaken, he explained, and they must include analysis of tenants and the facilities these homes provide.

Related posts:

  1. Rate cut ‘will not trigger rush of sales’
  2. Rate cut ‘must be supported by mortgage measures’
  3. Rate cuts boost buy-to-let sector
  4. Interest rate cut ‘could be good news for landlords’
  5. Base rate tipped to fall again

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