Base rate to 0.25 per cent

The Bank of England has, as expected, cut its base rate to 0.25 per cent after a record seven years at its previous historic low of 0.5 per cent. Today’s cut may be an important psychological boost to markets and manufacturers but it is uncertain what its impact will...

UK house price growth picks up despite Brexit

ShareResidential property prices in the UK increased marginally in June, despite greater uncertainty in the run-up to the EU referendum, the latest figures show. Nationwide’s monthly house price index revealed that house prices rose by 5.1% in June compared with the...

Almost half of buyers decide to go ahead within five minutes

New research appears to confirm what many agents have thought for a long time – many prospective buyers take only five minutes during a viewing before deciding to put in an offer and try to purchase the property. Research involving a survey of 1,000 buyers...

Average London house price hits £600,000

An increase in property sales in the first quarter of this year placed upward pressure on house prices in the capital. The average price of a home in London has just passed £600,000 for the first time, according to analysis of the latest Land Registry data. House...