UK property market update - Impact of election and Bank of England base rate cut

Property market updates | 06.08.24

With the General Election behind us, the UK is looking firmly ahead to economic and political stability. The housing market remained steady throughout the General Election campaign, as homebuyers continued to press ahead with their existing plans and positive economic data has continued to boost confidence amongst buyers including the first base interest rate cut by the Bank of England since 2020.

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