Blog Post

Housing and wider economic outlook

Gill - Head Gillian Bell Mar 22, 2024, 10:00 AM

Monitoring the outlook for various economic indicators gives us a good view on both the current and future direction of the housing market.

At the Bank of England March meeting the bank rate was held at 5.25% but the governor announced "We are on the way" to interest rate cuts. This aligns with consensus forecasts for the bank rate to be 4.4% by Q4 2024.

Better news on inflation is helping build the case for lower interest rates. The February inflation data showed a headline CPI rate of 3.4% from 4.0% a month before.

Consensus forecasts suggests inflation will be very close to the target rate of 2.0% by Q4 2024. Source: #Dataloft, HM Treasury Consensus Forecast, March 2024. Growth rates are annual average or Q4 v Q4

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"They are truly the best"

- Paulina

"Abbey was very good and I felt she understood exactly what I was looking for"

- Alistair

"The experience was good"

- Bailey

"Gill and Abbey were quick and efficient to get my place sorted"

- Charlene

"Any issues Peter Anthony have been spot on and Sean as been professional and helpful at all times"

- Ian

"A big shout out to Gill and the whole team for their dedication and genuine commitment. Well done team."

- Sara

"I would have no hesitation on recomending Gill and her team to manage a property or portfolio, in fact I think anyone would be mad to go anywhere else!"

- Barry

"Very satisfied with the service from the beginning to the present, thank you Gill for always being attentive."

- Sarah