🌍 How the U.S. Federal Reserve’s Rate Cut Affects UK Property 🏡 The U.S. Federal Reserve recently cut interest rates by 50 basis points, a reduction higher than market expectations, sparking widespread global attention. But what does this mean for UK property? Here’s how the Fed’s rate cut could impact the UK property market: 1️⃣ […]
How the U.S. Federal Reserve’s Rate Cut Affects UK Property Read More »
🌐 Inflation Steady: According to the latest data, the UK’s annual inflation rate remained steady at 2.2% in August 2024, the same as in July. This trend reflects overall economic stability. 🏠 Housing and Utilities Costs Decrease: Housing and utilities prices decreased by 1.6%, a further reduction compared to July’s 1.5%. This is good news
UK Inflation Holds Steady at 2.2% in August 2024: What It Means for You! Read More »
📊 The latest data from the Office for National Statistics shows the UK’s unemployment rate fell to 4.1% from May to July 2024, the lowest since January. Key highlights include: Unemployment Rate Falls 📉 • The rate dropped from 4.2% to 4.1%. • The number of unemployed individuals decreased by 74,000 to 1.44 million. Rise
UK Unemployment Rate Falls to 4.1%: Key Insights from May to July 2024 Read More »
📊 The latest data from the Office for National Statistics reveals the UK’s unemployment rate remained unchanged at 4.4% from March to May 2024. Here are the main takeaways: Unemployment Rate Stagnant 📉 • The rate remains at 4.4%, matching market expectations and marking the highest level since September 2021. • The number of unemployed
UK Unemployment Rate Steady at 4.4%: Key Insights from March to May 2024 Read More »
🌐 Inflation Steady: The latest data shows that the UK’s annual inflation rate remained steady at 2% in June 2024, the same as in May. This marks a significant low since 2021, indicating a stable economic environment. ⚡ Stable Energy Prices: A significant factor in maintaining the steady inflation rate is the stabilization of energy
UK Inflation Steady at 2%: Key Points Read More »
🔹 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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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
UK House Price Index Review: June 2024 📈🏡 Read More »
📊 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
UK Economy Sees Strongest Growth in Over Two Years Read More »
🔹 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
UK Interest Rate Update: June 2024 Highlights Read More »
