Property News

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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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UK Homes are Still Selling Faster than Ever

Data in April suggests that we are still in a strong sellers’ market for homes. On average properties are spending only 33 days on the compared to the pre-pandemic market in 2019 where they stood for an average of 67 days.

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