Jeremy Hunt’s Autumn Statement revealed that inflation has now fallen from a high of 11.1% to 4.6%. The government anticipates it will fall to 2.8% by the end of 2024 and to 2% by the end of 2025. The Bank of England is expected to start cutting rates next summer. If mortgage rates begin to fall, […]
Inflation is down, what about house prices and mortgages? Read More »
More than a third of UK homes have lost value in the last 6 months, wiping £85 million from the housing market. That’s 11.1 million properties that are less expensive than they were last November, each losing an average of £7,700. But UK homes are split almost equally between those gaining value (32%), those seeing
Market prices; the ups and downs of homes in the UK Read More »
House price growth expected to be greater in affordable rural areas and slower in city centres, says leading economist at Office for Budget Responsibility. Remote working has permanently changed the housing market as it enables people to leave cities and live in the countryside This has lead to greater price growth in rural areas, but
How working from home is affecting house prices and rents Read More »
Inflation starts to fall, however interest rates are still going up. Inflation falls below 10% for the first time since August last year but the drop was smaller than expected, suggesting interest rates have not yet peaked. Inflation has fallen below 10% for the first time since August last year but interest rates are expected
Inflation and Interest rates; what’s going on? Read More »
If you’re looking to sell in 2023, you’re in demand. Homes that offer more value for money are exactly what buyers are looking for right now. Demand for homes has reached its highest level since October 2022 and is 16% higher than spring 2019 Demand from buyers is also above average in the most affordable
Selling in 2023, an update on the first quarter Read More »
With some mortgage rates reaching a high as 6.5% in 2022, there were many predictions of house prices falling in 2023, however the demand remains strong for many properties throughout the UK. Banks will be keen to make mortgages available in 2023 and are coming up with options to make sure customers can afford the
Sales Market Overview Read More »
As more homes are coming up for sale across the UK, we find that buyers are given more choice when looking as they are staying on the market longer than previously due to the higher interest rates and the cost of living effecting affordability. The number of homes for sale across the UK is increasing,
More homes for sale, giving buyers more options Read More »
House price growth over the last 3 months has dropped to 0.7%, the lowest level since February 2020 – but there are no price falls just yet. Here’s a closer look at what’s happening with UK house prices. House price growth was at 0.7% over the last 3 months, the lowest quarterly growth since February
House price growth slows down Read More »
In times of uncertainty we can at least rely on experts predictions and how the market has also responded in the last couple of years surrounding the pandemic. Here we look to answer the following; if mortgage rates will fall, property prices stabilise and and if negative equity should be a concern. Mortgage rates look
As the UK looks for economic stability with Rishi Sunak as the new prime minister, we expect the government to review the countries policies, in a hope that we see falling mortgage rates and positive rental market reforms as planned. Rishi Sunak is the new prime minister, what to expect under his leadership. Mortgage rates
New prime minister and part budget reversal, how does this affect the housing market? Read More »
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