What impact will a rise in interest rates mean?

What impact will a rise in interest rates mean?

It’s a question often asked of estate agents

Newly-revealed minutes from the Bank of England’s Monetary Policy Committee show its members were split on a potential interest rate rise.

It said two of its nine members voted for a rate rise earlier this month, in the first split vote on rates since July 2011.

The split decision is the first under governor Mark Carney’s tenure. Continue reading “What impact will a rise in interest rates mean?”

Are house price rises coming to an end?

Four out of five London homes now selling for under asking price

There is further confirmation that London’s property market is cooling, with 80% of homes sold in July going for under the asking price.

According to Lonres, which collects information from agents right across central London, “the bubble is now deflating”.

Just over a fifth of all properties currently available to buy have had their prices cut.

 

Continue reading “Are house price rises coming to an end?”