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What's happening in the Cirencester property market

The property market in Cirencester is experiencing a mix of stability and gradual changes. The average price for properties in Cirencester stands at approximately £376,000, which represents a 3.5% decrease over the past year. This decline is part of a broader trend where house prices in some areas are stabilising following a period of significant fluctuation.  Suppl...

11/06/2024
Experts put dampeners on interest rate cut as inflation falls less than expected

Headline inflation tumbled to 2.3% in the 12 months to April – the lowest level since July 2021– as the cost-of-living crisis begins to subside. The rate of inflation dropped to 2.3% in April – down from 3.2% in March and the lowest level in almost three years, the Office for National Statistics (ONS) said this morning. The drop in the consumer prices index...

22/05/2024
Bank of England on course for interest rate cut, suggests deputy governor

All eyes will be on the hotly anticipated inflation data tomorrow that will reveal how close the rate of rising prices is near to the Bank of England’s official target. Mortgage holders, house hunters, City experts, along with other borrowers and savers are waiting for indications on the timing of the first UK interest rate cut this year, with some analysts predicting th...

21/05/2024
Big Demand for Small Properties as budgets tighten

Big demand for small properties has helped to drive growth in UK property prices in the early months of this year, according to new research by Halifax. At a national level, annual property price growth reached +1.9% in February this year, having plunged as low as -4.1% in October 2023. In cash terms prices are up by £5,318 over the last year and are only £7,801...

29/04/2024
UK inflation falls as meat and crumpet prices drop

Price falls for some food items like meat, crumpets and chocolate biscuits helped drive inflation down to its lowest level in two-and-a-half years. The rate consumer prices have been rising at fell to 3.2% in the year to March, down from 3.4% the month before, according to official figures. Inflation has been falling gradually since it peaked at 11.1% in l...

17/04/2024
OnTheMarket: Buyers should transact before the General Election season

OnTheMarket president Jason Tebb has cautioned buyers against waiting for an interest rate cut and General Election before making a transaction decision. Tebb said that it is understandable that buyers may be waiting for inflation to fall further and the cost of borrowing to drop, but he warned there is a limited timeframe to transact before the General Election when there c...

15/04/2024
Rightmove reveals big rise in vendors coming to market

The housing market enjoyed its best day so far this year last week with a bumper number of sellers taking the plunge, says Rightmove. It reveals that Thursday 28 March, the last working day before the Easter break, was the biggest single day for the number of new sellers coming to market. And it was the third biggest day for new listings since August 2020, with...

08/04/2024
UK house prices fall for first time in six months

House prices fell in March for the first time in six months, according to the latest data from Halifax. The lender said prices dropped by 1% last month, with higher mortgage rates affecting affordability for prospective buyers. The average house price fell by about £2,900 to £288,430. However, Halifax said that house prices were still ahead of where they were...

05/04/2024
UK house price falls ease off – industry reaction

Average UK house prices decreased 0.6% in the 12 months to January, to £282,000, representing an easing in the pace of decline, fresh data from the Office for National Statistics (ONS) showed yesterday. Meanwhile, private rents rose at their fastest annual pace last month since comparable records began in 2015, the figures revealed. The ONS reported a leap of 9% ov...

21/03/2024
Estate agents lead calls for rate cut as inflation drops

Propertymark says it is the 'ideal time' to cut interest rates as inflation falls to its lowest level in more than two years. Property agents are calling on the Bank of England to cut interest rates after the latest inflation figures showed a drop. Inflation fell to its lowest level in more than two years this morning at 3.4%, increasing the pressure on the Bank&rsq...

20/03/2024
Cirencester named on Sunday Times Best Places to Live guide

The Cotswold capital was praised for its 'stellar community spirit' and abundance of culture and sports facilities by the judges who determined what areas made it onto this year's Sunday Times Best Places to Live Guide.Although Sherborne in Dorset was named the overall regional winner, Cirencester was among the top of the pack alongside beautiful towns and villages such as...

16/03/2024
Budget 2024: Property industry reacts to the chancellor’s statement

The chancellor Jeremy Hunt has just concluded delivering his 2024 Budget. He also confirmed that the OBR’s forecast for UK economic growth remains broadly unchanged from what it forecast at last November’s Autumn Statement. Gross domestic product will be marginally higher this year at 0.8%. In 2027, the OBR projects that the economy will grow by 1.8% compared to N...

06/03/2024
It's our 10th Birthday

Happy 10th birthday to team Adkins Thanks to all our family, friends, and clients for being part of our amazing journey      

01/03/2024
Industry experts welcome January rise in house prices

Nationwide reveals UK house prices rose by 0.7% in January but what happens to mortgage rates will be crucial for 2024. A wave of optimism swept across the housing market this morning ahead of tomorrow’s Bank of England interest rate decision after Nationwide reported UK house prices rose 0.7% in January. And the small rise led to in an improvement in the annual rate of...

31/01/2024
UK mortgage rates continue to fall as competition intensifies

Lenders are continuing to cut mortgage rates, with a string of new deals announced. The average two-year fixed homeowner mortgage rate yesterday fell to 5.62%, down from 5.66% on Monday, according to Moneyfacts, with further reductions anticipated in the coming days. The average five-year fixed homeowner mortgage rate on Tuesday morning was 5.24%, falling from 5.28% a day ear...

17/01/2024