Lower mortgage costs and more interest rate cuts could fuel a rise in house prices for the rest of this year, Halifax has said.
Rightmove’s report states that one of the most pressing concerns in the current property market is the elevated interest rates, which are continuing to stretch affordability. Now, all eyes are on the Bank of England’s next meeting in August.
A recent survey by specialist lender Landbay shows a significant rise in landlord confidence, with nearly half (44%) of respondents indicating their intention to buy property within the next 12 months.
