Rightmove reports Bank of England rate cut spurs home moving activity
The first Bank of England rate cut in 4 years has led to a notable upturn in activity with a 19% year-on-year increase in buyer demand since the announcement on 1st August. Read Rightmove report below:
The number of new sellers coming to market this month is also up 5% year-on-year and the number of sales agreed now 16% ahead of this time last year too. Due to the positive market figures, Rightmove has raised its price prediction for 2024 from -1% to +1%.
So, if you’re considering selling, now really is a great time. Do get in touch with your nearest Perry Bishop office to book your free valuation or click here.
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Bank of England rate cut spurs home moving activity
The first Bank of England rate cut in 4 years has led to a notable upturn in activity with a 19% year-on-year increase in buyer demand since the announcement on 1st August.
The number of new sellers coming to market this month is also up 5% year-on-year and the number of sales agreed now 16% ahead of this time last year too. Due to the positive market figures, Rightmove has raised its price prediction for 2024 from -1% to +1%.