19% increase in UK property buyer enquiries after Bank of England's August interest rate cut.
UK property market sees significant boost after Bank of England's August interest rate cut, with buyer enquiries up 19% from last year. Rightmove, the UK's largest property portal, reports increased buyer interest following the Bank of England's decision to cut interest rates, with buyer enquiries in August 19% higher than the previous year. The rate cut has boosted home-mover sentiment, despite mortgage rates not yet substantially lower. Financial markets predict at least one more quarter-point rate cut this year.
August 18, 2024
48 Articles