A SPEECH given recently by the deputy governor of the Bank of England paves the way for a secure future for homebuyers and property investors, says developer Crest Nicholson.

Despite recent fluctuations in many financial markets, the Bank of England has held its interest rates at four per cent since November 2001 and the cost of borrowing is stable.

Smart property buyers are looking for residential “hot spots” as opposed to those areas, like Central London, where it could be argued that prices are already rising.

A high profile Kent residential “hot spot” is Crest’s Lyons Wharf, in Tonbridge. The development comprises a collection of apartments and townhouses. It has appealed to both commuters and investors.

Simon Wilkins, sales and marketing director for Crest Nicholson, saids: "It offers the opportunity to escape from the hustle and bustle of city life and return home to a life of tranquillity, rather than noise and fumes."

In a recent speech made at the international dinner of the Chartered Surveyors' Livery Company, David Clementi, deputy governor at the Bank of England, said: "On balance, my view is that the current state of the housing market does not, taken on its own, raise undue concerns for the inflation outlook. Even if the property market gets out of line, monetary policy adjustment is appropriate only to the extent that property developments risk the inflation target not being met."

For information on Lyons Wharf call 01732 358 646.