Weekly Wrap – 16th August 2024

Introducing this Friday’s Weekly Wrap, where we bring the news to you. 

Every Friday we are ending your work week by wrapping up the last 7 days of news for you by choosing some key updates and events to share. This news will cover everything property, from estate agent fees to broker updates to government policy, and be a sure way for you to finish your week up to date.

With the announcement of higher inflation rates trickling uncertainty through the industry, let’s take a look at this week’s news.

  1. Base rate cut opens door to 2.5% house price growth in 2024
  2. September interest rate cut ‘unlikely’ as inflation rises
  3. Days to find a buyer rise but completion times reduce
  4. Five-year fixes preferred by landlords when remortgaging
  5. UK economy expands 0.6% in Q2
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