Home-buying activity in the UK is expected to surge this autumn, according to analysts, after the Bank of England’s first base rate cut since 2020 injected optimism into the property market. The central bank on Thursday reduced interest rates by a quarter of a percentage point to 5 per cent, in a knife-edge vote that …
HSBC has promised rate cuts this week as mortgage pricing continues to drop, but it is unclear how much further pricing will fall. It comes as inflation held steady at the Bank of England’s 2% target last week, raising hopes of a cut to the cost of borrowing in the coming months – but recent …
Sentiment about sales volumes among surveyors and estate agents is at its most upbeat level for more than two years and may improve with the election out the way, RICS suggests. It comes as the June RICS Residential Market Survey highlighted subdued activity in the run up to the General Election but increased optimism for …
Major lenders have started cutting their mortgage pricing in anticipation of an interest rate cut in the coming months. The Bank of England may have held the base rate last week but with inflation now at 2% and the General Election just a week away, there are hopes that an interest rate cut could come …
Prices rose at 2% in the year to May, down from 2.3% the month before, official figures show. The economy is a key talking point in the run-up to the general election on 4 July, with all of the main parties battling over how they would keep the cost of living under control. The Conservatives …
Buyers and sellers are proving determined to press ahead with their home moves despite the looming General Election, research suggests. Data firm TwentyEA, part of the TwentyCi group, examined data across the 14 days since the General Election was announced and found the number of listings that were sold subject to contract (SSTC) was …
Rightmove has criticised the lack of focus on housing policy during the first General Election TV debate this week. Housing was rarely mentioned during the first debate between Prime Minister Rishi Sunak and Labour leader Keir Starmer on ITV. Tim Bannister, Rightmove’s property expert, described the debate as “disappointing.” He said: “At a time when …
Penhaul, founder of home staging firm Lemon and Lime Interiors has published ‘How To Sell Your House – The definitive guide to marketing your biggest capital asset’. It is her second book and addresses how to create a compelling narrative for a listing so that viewers fall in love with a home before they’ve even …
Speaking outside Downing Street, Sunak highlighted the challenges faced during his tenure and the steps his government has taken to stabilise the economy. Key Points from Sunak’s Announcement. Reflecting on Recent Challenges Sunak emphasised the significant events that have shaped the current state of the UK, citing the Covid-19 pandemic and the war in Ukraine. …
[Agents, Boxall Brown & Jones with developers, Clowes Developments at Riber View Apartments, Matlock] Since constructing the 47 luxury one- and two-bedroom apartments ranging in size from 450 to 765 square feet, Clowes have successfully sold or let a number of apartments. The group have engaged Boxall Brown & Jones to market the remaining properties. …