Following a meeting of the Monetary Policy Committee interest rates have been cut by 0.25% to 5.5%.
All properties marketed for sale from 14th December 2007, in England and Wales, will need a Home Information Pack.
The run up to Christmas has now been identified as the new boom period for moving house.
Property prices in the UK are still rising according to figures just released by Nationwide.
Research released by Hometrack has revealed that house prices have fallen for the first time in two years.
The London property market is back on track after a rocky period and long term prosperity is forecast.
It is possible that a cut in interest rates could occur as early as next month.
Property prices rose by 2.7% during September counteracting August’s fall.