Bank Rate Decrease The recent decrease in the Bank of England base rate is expected to ease mortgage payments for buyers, though the property market remains under strain. According to Propertymark, UK house prices increased to £281,373 in April 2024, highlighting ongoing affordability challenges. Demand for rental properties remains high, with nine applicants competing for each...
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Navigating the British Housing Market The UK housing market has long been a topic of national interest, with its ups and downs captivating the attention of homeowners, investors, and policymakers alike. In this comprehensive guide, we'll delve into the key factors influencing the market, current trends, and potential future directions. Key Drivers of the Market Interest Rates and Mortgage Costs:...