{"id":6101067,"date":"2024-05-27T07:00:57","date_gmt":"2024-05-27T06:00:57","guid":{"rendered":"http:\/\/www.buyassociationgroup.com\/en-gb\/?p=6101067"},"modified":"2024-08-27T10:34:56","modified_gmt":"2024-08-27T09:34:56","slug":"the-7am-cut-3","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/the-7am-cut-3\/","title":{"rendered":"The 7am Cut"},"content":{"rendered":"

The 7am Cut<\/strong><\/h2>\n

BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.<\/a><\/strong><\/p>\n

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…<\/p>\n

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Latest interest rate recommendation points to 3.5% by end of 2025<\/strong><\/h3>\n

“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″…<\/p>\n

– Eleanor Harvey, BuyAssociation<\/em><\/strong><\/p>\n

\u2060<\/strong>Read the full article<\/strong><\/a><\/h4>\n

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Inflation rate falls to lowest level in almost three years<\/strong><\/h3>\n

“Inflation sat at 2.3% in the year to April, down from 3.2% the month before.<\/p>\n

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”…<\/p>\n

– Michael Race, BBC News<\/em><\/strong><\/p>\n

Read the full article<\/strong><\/a><\/p>\n

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House prices rise as spring selling season boosts UK property market<\/strong><\/h3>\n

“The average price of UK property coming to the market reached record levels in May, rising by \u00a32,807, as the spring selling season lent itself to the recovery of the housing market.<\/p>\n

According to a new report by Rightmove, homes up for sale in May cost an average of \u00a3375,000, up 0.8 per cent on last month”…<\/p>\n

– Laura McGuire, CityAM \u00a0\u00a0<\/em><\/strong><\/p>\n

Read the full article<\/strong><\/a><\/p>\n

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What does a general election mean for the housing market in 2024?<\/strong><\/h3>\n<\/div>\n

“We don\u2019t 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”…<\/p>\n

– Richard Donnell, Zoopla<\/em><\/strong><\/p>\n

Read the full article<\/strong><\/a><\/p>\n

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Best places to buy a house in Greater Manchester right now<\/strong><\/h3>\n

“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.”…<\/p>\n