Interest Rates Rise – But Is There a Bigger, More Positive Picture for the Property Market?
For the first time since 2023, the Bank of England has increased its Base Rate. Yesterday’s announcement confirmed a widely anticipated rise of 0.25 percentage points, taking it to 4%. The increase itself was not a surprise. However, there were two interesting details within the Monetary Policy Committee’s (MPC) decision. Firstly, all nine members agreed