Housing Market

The Bank of England face a dilemma over the future of interest rates in the economy.
On the one hand the slowdown in the Housing market could lead to a wider economic slow and possible recession. On the over hand inflationary pressures are actually rising, due to a variety of cost push factors. If the bank [...]

Interest rates have a big effect on the Housing Market.
Higher interest rates increase the cost of mortgage repayments making it less attractive to buy houses.
In the UK many homeowners have a variable mortgage. This means that the cost of their mortgage is dependent on changes in the Bank of England repo rate (better known as [...]