Bank of England base rate held, giving borrowers no relief from high interest rates

The Bank of England has left its benchmark interest rate on hold at 4.75 per cent. Although the decision from the Bank’s Monetary Policy Committee (MPC) was expected it will come as a disappointment to borrowers hoping for relief from high interest rates. Last month, the Bank of England cut interest rates for the second time in […]
Rents rising at slowest pace for over three years

Zoopla, UK property website has released its latest Quarterly Rental Market Report and revealed that the rate of rental growth in the UK is at its lowest level in over three years (3.9 per cent), down from 9.1 per cent a year ago. The slowdown is down to a narrowing in the imbalance between supply […]
Usual seasonal lull, as some movers wait for Boxing Day bounce

The average price of property coming to the market for sale falls by a seasonal 1.7% this month (-£6,395) to £360,197, in line with the usual December monthly drop. Rightmove’s lead indicator of new seller asking prices measures prices at the very beginning of the home buying and selling process, capturing immediate changes in home-mover […]