The Euros Are Here!
- England – £268,000
- Wales – £178,907
- Scotland – £164,099
- France – £200,241
- Germany – £2,922 – per square metre (psm)
- Portugal – £964 – psm
- Spain – £2,071 – psm (based on new build properties)
- Switzerland – £5,078 – psm
Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.
The latest Consumer Prices Index (CPI) released by the Office for National Statistics revealed that inflation increased from 1.7% in September to 2.3% in October. But how exactly does inflation impact the property market?
If you’re considering giving your child a helping hand to buy their first home, you’re not alone. Figures show that 45% of twentysomethings who purchased a property last year did so with a cash boost from the Bank of Mum and Dad (Bomad).* But just because something is common practice doesn’t mean it’s risk-free.
Is the rental market running hot or cold, and what can we expect in the coming year? Let’s dig into the latest data from the Office of National Statistics (ONS) and property portal Zoopla to find out.