UK Property Buyers Return to Market After BOE Interest Rate Cut

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Mortgage Rates Notícia

Bloomberg,Rightmove,Property Market

(Bloomberg) -- Britain’s prospective home buyers stepped up their search for property after the Bank of England’s first reduction in interest rates since the...

-- Britain’s prospective home buyers stepped up their search for property after the Bank of England’s first reduction in interest rates since the start of the pandemic, Rightmove Plc said.The online property portal said the number of buyers contacting estate agents to view houses for sale jumped 19% from a year ago since the BOE decision on Aug. 1, an acceleration from the 11% increase across the month of July. The number of sellers coming to market also rose by 5% compared to a year ago.

Rightmove upgraded its 2024 forecast for asking prices after the surge in activity in the property market since the central bank reduced rates from a 16-year high. It now expects a 1% gain in asking prices across 2024 as a whole, up from its previous forecast for a drop of 1%. Currently investors are only fully pricing in one more quarter-point cut by the UK central bank by the end of the year.Singapore's Wooden Building of the Future Has a Mold ProblemKen Tanigawa wins Rogers Charity Classic in Calgary for 3rd PGA Tour Champions title

Police in Denver are investigating after a suspect fleeing from a deadly shooting died from an apparent self-inflicted gunshot wound after a vehicle crash Sunday.You’s Joe Goldberg is many things — a serial killer, pathological liar, chauvinist — but the actor who plays him, Penn Badgley, is “very demure, very mindful” when he shows up to his last day of filming on the hit Netflix thriller series.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Mortgage rate drop lures skittish buyers back to housing market, report showsAs of Aug. 7, the popular 30-year fixed mortgage rate is near its lowest levels in months at 6.58%, after a weaker-than-expected jobs report stoked recession...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Slumping U.S. tech stocks tempt some buyers to brave rocky marketThe sell-off has made tech stocks less expensive based on price-to-earnings ratios. Still, even bullish investors are proceeding with caution
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »