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

"We are both so happy with the agents"

- Megan

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"Abbey was very friendly and helpful"

- Sandra

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"Abbey Bird at Peter Antony Estate agents has been and still is amazing"

- Sky

"We’ve got nothing but good things to say about the team at Peter Anthony Liverpool"

- Jack

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

- Ian