Weekly Wrap – 8th November 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.

In the past seven days we have seen the interest rates fall, reports of record high house prices, and more updates from the Deputy Prime Minister.  So, let’s dive into this week’s Weekly Wrap:

    1. Interest rates: Bank of England cuts interest rates to 4.75%, in second reduction this year
    2. Rayner floats ending Right to Buy on new council homes: Report
    3. Average UK house prices jump to record high of £294k in October
    4. A third of homes on the market are ‘chain-free’
    5. Average five-year fix down 0.67% from 12 months ago
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