With the latest Bank of England Money and Credit Report, Nathan Emerson, CEO of Propertymark comments and shares thoughts below:
“The impact of higher interest rates without doubt has had a profound impact across the housing market. Consumers need to feel a degree of confidence within their financial position to approach the buying and selling process, and it is essential that aspects such as inflation are managed robustly to keep long-term stability across the economy, which is needed for a healthy and secure housing market. Propertymark is keen to see interest rates lowered further when conditions permit to help spur growth in 2025.”
