Bank of England
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Housing Market
Rightmove says stock down 39% on pre-pandemic levels
Prices fall but more likely due to August holidays than rate rises or lack of stock, says property portal.
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Latest property news
Bank’s latest interest rate hike biggest in 27 years – industry reaction
The Bank of England has increased the base rate by 0.5% yesterday, the highest it has been since 2009 and biggest incremental hike since 1995.
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Latest property news
Bank of England’s looser mortgage lending rules ‘not reckless… but baffling’
Mortgage experts cautiously welcome announcement but warn that many still remember how 2008 global crash was caused by 'free for all' rules.
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Latest property news
INDUSTRY REACTS as BoE raises base interest rate to 0.25%
Likely rise in mortgage rates in the medium term fails to worry agents as market continue to motor despite rise of Omicron virus variant.
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Latest property news
BREAKING: Mortgage lending hits highest level ever recorded
Bank of England says homeowners borrowed nearly £12 billion via mortgages during March, up from £6.2 billion the month before.
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Latest property news
Bank of England gives housing market ‘clean bill of health’ after a year of Covid
Bank's national network of agents reports faltering economy in recent months but housing market that has continued regardless.
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Latest property news
Property industry booming as other sectors wilt, reveals Bank of England
Estate agency and new homes are among the few areas of the economy untroubled by the Covid lockdown and social distancing, says Bank of England.
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Latest property news
Can the property sales ‘surge’ be sustained when furlough ends, asks Bank of England
Quarterly report from the bank covering April, May and June says many agents are worried that current mini-boom may not continue.
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Latest property news
Are estate agencies being complacent about effect of Coronavirus on their businesses?
Claim is made to Bank of England which says agents and developers also report sales coming to a halt as buyers and sellers get the message on 'contagion'.
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Housing Market
Bank of England cuts interest rate to 0.25%
The rate cut of half a percentage point by the Bank of England as a monetary stimulus has been welcomed by property experts.
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