November 2024

How Does Inflation Affect the Property Market?

The latest Consumer Prices Index (CPI) released by the Office for National Statistics revealed that inflation increased from 1.7% in September to 2.3% in October. But how exactly does inflation impact the property market? There is a link. But it is not quite as simple as it might seem. When inflation rises or falls, it does not necessarily mean that house prices are rising or falling. The CPI, the main...

How Will Today’s Interest Rate Cut Affect the Ringwood & New Forest Property Market?

Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market. Why? The B of E's base rate influences the interest rates many lenders charge for mortgages, loans and other types of credit they offer people. A reduction in the base rate means you can usually borrow money for less. What does it mean for...

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