Cirencester Market Update.
The property market in Cirencester during August 2024 is undeniably challenging, even with the recent Bank of England interest rate cut. The market seems to be working against sellers across the board, with most properties struggling to sell. A recent search on Rightmove showed 30 properties listed between £280,000 and £325,000, within 1 mile of […]
UK house prices ‘to rise through rest of year’ after jump in July.
UK house prices rose by 0.8% in July, and ongoing reductions in mortgage rates are likely to support continued growth throughout the rest of the year, according to Halifax. The average house price in the UK in July was £291,268, up from £289,042 in June. This increase follows three months of minimal growth, with price […]
What’s the big picture with house prices in Wiltshire?
Property prices in Wiltshire fell 1.1% over the past year, cutting £3,700 from the price of the typical home, according to our June 2024 House Price Index. The fall is not reflected across the UK, where the average property price rose by 0.1% since June 2023. The typical Wiltshire home is now worth £333,100, above […]
Bank’s interest rate cut in narrow vote
The Bank of England decided to cut the base interest rate today by 0.25% from 5.25% to 5%. The Bank of England chose to cut the base interest rate today 0.25% from its 16-year high of 5.25% to 5%. Members of the Bank’s Monetary Policy Committee voted narrowly for a cut by five votes to four. The property […]
Inflation holds at 2% but household costs still at historic highs!
Industry figures hail a period of more stable inflation but high property costs mean many owner occupiers are still suffering as monthly premiums stay high. Official figures show inflation is holding steady at 2% year-on-year. The Government’s latest bulletin for June (see main image) reveals that the Consumer Prices Index increased by 2% during the […]