Start now, gain in the future! Great insight once again Mr McGill. I feel the UK property market is about to become more favourable than it has been in the recent years and this could be so beneficial to those who have always dreamed of owning a property in the UK! Drop me a message if you are looking to find out more #UKproperty #Investing
Senior Investment Manager @ SVN Capital - Pioneering A New Era of Investment Advisory - Art | Whisky | Bonds | Litigation Funding | Equities | Private Equity | International Properties | Land Investment | Universal Life
UK property and interest rates! On the 1st of August 2024, The Bank of England announced it cut interest rates for the first time in four years, easing pressure on households after raising borrowing costs to the highest level since the 2008 financial crisis in response to soaring inflation. With the base rate cut to 5%, lenders such as Barclays, HSBC, and NatWest were quick to follow suit and reduce their mortgage rates. Indicators show that this is just the beginning, with many forecasting multiple rate cuts this year, as the Bank of England works towards their target figure of 3.5% by the end of 2025. Why this is important for investors? When looking at 1 to 2year off-plan projects this will mean that investors will enjoy reduced rates when looking to leverage on their investments in the coming years. This is great news for investors, arguably making it the best time to invest in UK property for a number of years. Reduced rates, combined with strong market forecasts of upwards of 20% house price growth by 2028, the UK property market continues to be a staple addition to any portfolio - providing stable, long-term growth. We continue to work closely with our UK property partners, who currently have excellent projects in Manchester, Birmingham & even affordable options in London. Feel free to reach out to explore what options might be suited to your budget and investment horizon. #UKproperty #Interestrates #Mortgages