UKHousing

UK Housing Market Rebounds: Bank of England Rate Cut Spurs Demand

9 months ago

Recent data from the Royal Institution of Chartered Surveyors (RICS) indicates that the UK housing market has begun to gain momentum following the recent cut in interest rates by the Bank of England. This decision has significantly altered the market landscape, and many experts predict that housing prices could continue to rise in the coming months.

UK House Prices Continue to Rise After Bank of England Cuts Rates

9 months ago

Recent data from Halifax reveals that average house prices in the UK continue to rise despite economic challenges. In August 2024, prices increased by 0.7% compared to the previous month, with an annual growth rate of 2.6%. This price increase has been facilitated by the Bank of England's reduction in interest rates, which has made mortgages more accessible for buyers. As a result, demand for housing has surged, contributing to the rise in prices.