Risk of Inflation to Property Investments
What is inflation? Inflation is the average increase in price for a particular set of goods or services in a particular economy over a defined period of time, usually a year. More importantly, it's the decrease in the purchasing power of a currency over time. Taking the historical average rate of 2.48% inflation in the UK, the £30....your purchasing power will become quite clear. For example, Greece had inflation nearing 5% over the past decade, meaning that same £30,000 car would cost an additional £1,500 today. If you require financing to purchase the car the overall cost of the vehicle increases significantly. <br><br>
