Higher rates on the horizon
Posted by: Titlesolv
In its eagerly anticipated decision on interest rates, the Bank of England's rate-setting monetary policy committee (MPC) unanimously voted to leave rates at 0.5%.
Going up
Posted by: Titlesolv
Despite recent political uncertainties and fluctuations in sterling, in the longer term it seems likely that investors will continue to place their capital in UK real estate to obtain much-desired certainty.
Price Drop
Posted by: Titlesolv
In addition to post-Brexit instability, inflated asking prices are causing the residential housing market to stall, with homeowners wrestling with the accompanying uncertainty.
House prices defy expectation
Posted by: Titlesolv
After the initial shock of the Brexit result in June, there is a growing consensus amongst surveyors and estate agents that the housing market is recovering. The Royal Institute of Chartered Accountants (RICS) reported that 12% more of its members had noted house prices rising rather than falling in August, up from 5% in July.
Remortgages rise post-Brexit
Posted by: Titlesolv
Figures published by the Bank of England in the summer confirmed the predicted slowdown in the property market and subsequent fall in mortgage applications following the Brexit vote. This was in addition to the stamp duty increase on buy-to-let properties in the last Budget. In contrast however, the popularity of remortgages grew; increasing by 6% from June to July this year.
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