Assetz has attacked the MPC over failing to take any form of 'pre-emptive action' when it came to interest rates after holding off too long before December's rate cut.
Whilst Assetz welcomed the cut, it believes that it was little more than an 'untimely gesture' on the part of the MPC which fell short of the industry's expectations.
Furthermore, Assetz has said that increasing economic pressure will force the MPC to take rates down to around 4.75-5 per cent in 2008.
The firm's chief executive, Stuart Law, said that there are many positive signs for 2008: “On balance, the UK buy-to-let market is just about the strongest in the world and investors can look back on a successful 2007 with surveys showing excellent returns across the board.
“While the rate of house price appreciation has slowed significantly in November, little can be read into the volatility of recent figures other than to suggest growth is currently between 0 per cent and 5 per cent following buyer caution.
"This is the result of a widely anticipated period of stabilisation, and is hitting our predicted figure of between 8 - 9 per cent for the end of 2007."
