Press Releases from Decisio Homebuyers (2 total)
Will rate cut help housing market?
The latest fall in house prices – 2.5% in March, the biggest drop since the property crash of the early 1990s – has contributed to the Bank of England’s quarter-point rate cut on Thursday to 5%. While this is a welcome move for businesses and financial markets, it is not expected to have a dramatic impact on the struggling housing market.
Some of the benefits of the rate cut will be…
House prices continue to decline
House prices fell by 0.5% in February, the fourth consecutive monthly decline, according to the latest survey from Nationwide. The annual rate of house price inflation fell from 4.2% to 2.7%, the lowest since November 2005.
The 3-month on 3-month rate of price growth rate fell to -1% in February, a sharper decline than the previous 3-month figure of -4% the previous month. The average price of a typical property…
