Property News

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Why January is One of the Best Months to Sell your House

Believe it or not, if you are looking for a quick sale, January is actually one of the best months to sell your home.

Data from the HomeOwners Alliance found that properties listed in January now take an average of 60 days to sell over the last seven years. This ranges from 51 to 75 days (with the 75 being a bit of an outlier, the next highest was 63!).

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Interest Rates Rise for the Fifth Consecutive Time

For the fifth consecutive time the Bank of England has chosen to increase interest rates – a rise from 1% to 1.25% – reaching a 13-year high.

It also looks like there will be more interest rate hikes coming in the near future, with some committee members voting for more a more aggressive hike of 0.5%.

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