Comment on the current property market and specific comment where this might affect Shetland Property:-
2 November 2010: Shetland has been listed as one of the top regions in the world to visit in 2011. Lonely Planet’s Best in Travel 2011 singles out the ‘last untamed corner of the UK’ for special praise.
5 February 2009: The Monetary Policy Committee of the Bank of England today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.0%.
15 January 2009: Shetland MSP, Tavish Scott, has sought assurances from the Government that no-one selling a house on Shetland will be penalised because of failings in a database of Shetland properties.
8 January 2009: The Bank of England today dropped interest rates to 1.5% taking rates into territories as yet unchartered during the 315 year history of the Bank.
6 January 2009: The latest House Price Index released today by Nationwide Building Society reveals that Scotland remains the best performing part of the UK.
17 December 2008: The Federal Reserve in America has dropped its interest rates to zero. Technically the rate now occupies a range between zero and 0.25 per cent.
4 December 2008: The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.0 percentage points to 2.0%.
1 December 2008: The Royal Bank of Scotland has announced a helping hand to homeowners who find themselves in difficulty when making their mortgage repayments.
1 December 2008: From today, every home advertised for sale must, by law, have a Home Report.
22 November 2008: Shetland came out as having the best quality of life in Scotland in the third annual Halifax Quality of Life Survey which was published today.
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