Interest rate rise?

Legacy_user

Perhaps that rise in interest rates will finally come on Aug 2nd. Bloomberg seems to think so. The property market is already in a particularly stagnant phase, but will an interest rate rise next month be enough shift it into a new falling phase? No doubt, sellers will say 'No' and buyers will say 'Yes'.

martindow

Who knows? People try to make educated guesses but anyone who definitely knew a rate rise was coming would be making a lot of money!

System

It would certainly be impossible to spin it as positive news for house prices, although if buyers were to cite it as a reason for lower offers, I expect estate agents and sellers would probably try to dismiss it as either fake news or economically irrelevant.

_CC_

Ah, another new poster signing up and posting about the impending HPC doom... in the wrong forum.

_CC_

https://forums.moneysavingexpert.com/forumdisplay.php?f=149

System

Perhaps that rise in interest rates will finally come on Aug 2nd. Bloomberg seems to think so today. The property market is already in a particularly stagnant phase, but would an interest rate rise next month be enough shift it into a new falling phase? No doubt, sellers will say 'No' and buyers will say 'Yes'.

It would certainly be impossible to spin it as positive news for house prices, although if buyers were to cite it as a reason for lower offers, I expect estate agents and sellers would probably try to dismiss it as either fake news or economically irrelevant.

System

_CC_ Ah thanks!

SG27

I very much doubt there will be another rise this year. The economy is slowing slightly, lots of brexit uncertainty. Inflation rate coming down a bit. No cant see it myself.

System

Have just reposted in the right forum.

System

SG27 i know the feeling. But sooner or later, there has to be a rise.

eidand

the rates have been low for a long time already and whether they will go up or not will be largely irrelevant. I'd think Brexit has a lot more potential to affect the prices in the near future.