🔹 Average Mortgage Rates: These rates are based on a 75% loan-to-value (LTV) ratio, according to Rightmove. 🔹 Market Predictions: The Bank of England’s base rate has remained at 5.25% since August 2023 and is expected to stabilize at this level through 2024, before gradually decreasing. Brickong is a second-hand estate agent based in South […]
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Why is South London an Ideal Place for Property Investment? South London areas such as Sutton, Wimbledon, New Malden, Epsom, Kingston, and Guildford are not only hotspots for property investment due to their unique charm and development potential but also because of their convenient transportation networks and abundant employment opportunities. Convenient Transportation Networks – These
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According to Zoopla’s June House Price Index Report: Stable Prices: UK house prices have remained stable over the past year with no annual inflation. Regional Differences: While prices in Southern England continue to fall, Northern Ireland has seen a 3.3% increase. Market Resilience: Despite higher borrowing costs, market activity is strong with an 8% increase
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📊 Key Points: Current Growth: The UK GDP grew by 0.70% quarter-on-quarter in Q1 2024, higher than last quarter’s -0.1% and slightly above market expectations. Market Impact: Stable Growth: This moderate growth indicates economic stabilization, positively impacting the real estate market by boosting consumer confidence. Housing Demand: As the economy stabilizes, housing demand may steadily
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🔹 Average Mortgage Rates: Five-year fixed rate: 4.88% (weekly change: -0.01%) Two-year fixed rate: 5.25% (weekly change: -0.04%) These rates are based on a 75% loan-to-value (LTV) ratio, according to Rightmove. 🔹 Market Predictions: The Bank of England’s base rate has remained at 5.25% since last August and is expected to stabilize around 4.75% before
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🌟 Bank Rate Decision 🌟 Current Rate: The Bank of England has decided to maintain the Bank Rate at 5.25% during its June meeting. This decision aligns with market expectations, although two members of the Monetary Policy Committee (MPC) advocated for a reduction to 5% (Bank of England). Inflation Targets: Recent data shows that inflation
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🌐 Inflation Rate Drops: The latest data shows that the UK’s inflation rate has fallen to 2% year on year in May, its lowest level in nearly three years, from 2.3% in the previous month. Specifically, the inflation rate has gradually decreased from previous highs, which is crucial for stabilizing the economic environment. ⚡ Energy
📉 UK Inflation Falls to Three-Year Low! Read More »
Exploring the Diverse Types of Property in the UK Properties in the UK mainly fall into two categories: Houses and Flats. Houses Houses are more independent residences, usually featuring their own private entrances and gardens. Here are some different types of houses in the UK: Detached House – A detached house is a stand-alone property
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