The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: UK inflation rate falls to lowest level in almost three years; interest rates are expected to come down to 3.5%; and house prices rise boosting the UK property market…
Latest interest rate recommendation points to 3.5% by end of 2025
“The UK inflation rate is now expected to come down to close to 2% in the coming months. It also predicts that the Bank of England will cut its base rate by up to 0.75% this year, then by a further 1% in 2025. This would bring it down to 3.5%, the lowest level since December 2022″…
– Eleanor Harvey, BuyAssociation
Read the full article
Inflation rate falls to lowest level in almost three years
“Inflation sat at 2.3% in the year to April, down from 3.2% the month before.
The Bank of England said earlier this month that it expected inflation to fall “close” to its target level soon. But it warned it wanted to see “more evidence” before deciding to cut rates, which means August or September appear to be the most likely timing for a first cut, if inflation continues to fall as expected”…
– Michael Race, BBC News
House prices rise as spring selling season boosts UK property market
“The average price of UK property coming to the market reached record levels in May, rising by £2,807, as the spring selling season lent itself to the recovery of the housing market.
According to a new report by Rightmove, homes up for sale in May cost an average of £375,000, up 0.8 per cent on last month”…
– Laura McGuire, CityAM
What does a general election mean for the housing market in 2024?
“We don’t see the election having as big an impact on the housing market as previous years. This is due to there not being a huge divide in policy between the two main parties, with neither having many specifics on housing other than a focus on reforming the private rental sector and boosting housing supply”…
– Richard Donnell, Zoopla
Best places to buy a house in Greater Manchester right now
“Here are the region’s most sought-after areas where house hunters should look to buy their next home. We’ve pulled together each of their suggestions to provide a comprehensive guide of the best towns and suburbs to buy a house across the region.”…
- Altrincham
- Ancoats
- Sale
- Stockport
– Phoebe Jobling, Manchester Evening News
Plans for a new Liverpool Central Station are underway
“With the Liverpool-Manchester Railway Board announced this week, fresh images released show what the station could look like. Land and buildings bound by Renshaw Street, Bold Street, and Ranelagh Street in Liverpool city centre present an opportunity to create an enhanced gateway to the city centre, LCR said, with a £1million contract up for grabs to lead on the vision.
The respective city councils and combined authorities have put forward the transport improvement programme as a £17billion link that will maximise the potential of each city region”…
– Neil Tague, PlaceNorthWest
BuyAssociation is an established voice in the UK property industry. As well as producing our own content and daily property articles, we curate a newsletter each week highlighting the week’s top headlines for UK property news articles, stories and reports. Stay ahead of the market and join over 30,000 of the world’s most informed property investors by registering today!
The 7am Cut – 27/5/2024
