Welcome to this week’s edition of Property News Weekly, where we bring you the latest updates shaping the real estate landscape.
This week, The Bank of England held the base interest rate at 5%, with experts expecting cuts later this year. UK rents have surged to near-record highs, with the average monthly rent now at £1,286. Meanwhile, house prices continue to rise but at a slower pace. Finally, UK Finance warns of a massive housing shortfall, urging action to meet the target of building 300,000 homes annually, with Labour pledging to tackle the crisis.
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Now, let’s have a look at the latest headlines that have caught our eye this week…
Property News this Week:
That concludes this week’s updates. If you have any thoughts or questions about these headlines, feel free to reply—I’d love to chat with you about the latest market trends and discuss your investment goals.
I’ll be back next week with more insights on the property market. Enjoy your weekend!
