UK property market set to rebound amid mortgage rate drop expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2024
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Source: Yahoo Finance
- Boost in UK House Sales: Survey indicates a net balance of 20% professionals expect a recovery in home sales over the next three months, highest since January 2022.
- Expected Mortgage Rate Cuts: Economists predict a possible cut in the base rate from 5.25% to 5%, leading to banks reducing mortgage rates.
- Labour Government's Housing Plans: Newly elected Labour government aims to deliver 1.5 million homes in five years to boost the housing market.
- House Price Expectations: 54% of professionals foresee higher house prices in a year, posing a challenge for the government in increasing home supply.
- Rental Market Trends: Demand surpasses supply in the rental market, with expectations of rising rental prices over the next three months.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
