House prices down by 1 per cent for July
Earlier this week, a report from the Resolution Foundation also revealed the plummeting numbers in homeownership across the UK, with Greater Manchester seeing the most significant drop of all. The percentage of homeowners in the region fell fro 72 pc in 2003 to just 58 pc in 2016. Martin Ellis, Halifax housing economist, said: “There […]
Housing market set to fall says Bank of England despite rate cut
Cutting interest rates to their lowest levels ever unlikely to stave off 25% drop in monthly mortgages approvals. The Bank of England is forecasting a significant drop in in the housing market despite cutting interest rates in half to 0.25% and announcing a £170bn stimulus package. Publishing its view on the housing market the the […]