Rightmove reports Bank of England rate cut spurs home moving activity

The first Bank of England rate cut in 4 years has led to a notable upturn in activity with a 19% year-on-year increase in buyer demand since the announcement on 1st August.

The number of new sellers coming to market this month is also up 5% year-on-year and the number of sales agreed now 16% ahead of this time last year too. Due to the positive market figures, Rightmove has raised its price prediction for 2024 from -1% to +1%.

So, if you’re considering selling, now really is a great time. Do get in touch with your nearest Perry Bishop office to book your free valuation or click here.

Read Rightmove’s House Price Index in full.  Click here

We care about property. We care about you.

Value my property today

Lets get started! Our valuations are based on our extensive knowledge of the whole of the market.

Get a valuation

Related articles

🍂 Start Your Autumn Property Journey with a Free Valuation 🍂

🍂 Start Your Autumn Property Journey with a Free Valuatio…

Thinking of Moving? Get Market Ready at Your Own Pace

Thinking of Moving? Get Market Ready at Your Own Pace…

Why Sell This Autumn — And Why Perry Bishop is the Team to Make It Happen

Why Sell This Autumn — And Why Perry Bishop is the Team to…