{"id":146755,"date":"2024-08-19T06:01:41","date_gmt":"2024-08-18T23:01:41","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-fuels-immediate-upturn-in-uk-property-market\/"},"modified":"2024-08-23T08:24:30","modified_gmt":"2024-08-23T01:24:30","slug":"interest-rate-cut-fuels-immediate-upturn-in-uk-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-fuels-immediate-upturn-in-uk-property-market\/","title":{"rendered":"Interest rate cut fuels immediate upturn in UK property market"},"content":{"rendered":"<p>&#013;<br \/>\nFigures from Rightmove show inquiries to estate agents since 1 August up 19% compared with a year agoThe first Bank of England rate cut in four years has triggered an immediate upturn in the UK property market, as cheaper mortgages prompt interest among buyers and drive up house prices.Figures from the property website Rightmove show the number of potential buyers contacting estate agents about homes for sale since 1 August jumped by 19% compared with the same time a year ago. Contacts in July were up 11% on the previous year. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/aug\/19\/interest-rate-cut-fuels-immediate-upturn-in-uk-property-market\" target=\"_blank\" rel=\"noopener\">Interest rate cut fuels immediate upturn in UK property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Figures from Rightmove show inquiries to estate agents since 1 August up 19% compared with&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-146755","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Cb1","jetpack-related-posts":[{"id":147448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-homes-sold-in-uk-up-by-a-third-says-rightmove\/","url_meta":{"origin":146755,"position":0},"title":"Number of homes sold in UK up by a third, says Rightmove","date":"October 21, 2024","format":false,"excerpt":"\r Autumn price bump failed to emerge as buyers spoiled for choice, with properties on market at a 10-year highThe number of homes being sold is up almost a third, year on year, so far this month, although the traditional autumn price bump has failed to emerge due to buyers\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146389,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-agreed-uk-house-sales-over-past-month-up-15-on-2023\/","url_meta":{"origin":146755,"position":1},"title":"Number of agreed UK house sales over past month \u2018up 15% on 2023\u2019","date":"July 15, 2024","format":false,"excerpt":"\r Buyers not fazed by election or Euro 2024, says Rightmove, as \u2018gamechanging\u2019 interest rate cuts anticipatedThe number of agreed house sales over the past month was 15% up on this time last year, according to Rightmove, as buyers anticipate \u201cgamechanging\u201d interest rate cuts they hope could come as early\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-market-upturn-on-the-horizon\/","url_meta":{"origin":146755,"position":2},"title":"Property market upturn on the horizon","date":"August 23, 2017","format":false,"excerpt":"\r \u00a0 There\u2019s mounting confidence that Singapore\u2019s real estate market is about to recover from its four-year slump, reported Bloomberg. According to the latest data from the Urban Redevelopment Authority (URA), developers sold 3,077 private homes (excluding executive condominiums) in Q2 2017 compared to 2,962 units in the previous quarter\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26474,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-first-time-buyers-hit-by-steeper-rises-in-starter-home-prices\/","url_meta":{"origin":146755,"position":3},"title":"UK first-time buyers hit by steeper rises in starter home prices","date":"September 19, 2016","format":false,"excerpt":"\r Rightmove poll shows starter properties such as two-bed flats are 10% higher year on year despite Brexit vote uncertaintyFirst-time buyers hoping to snap up a bargain after the Brexit vote could be in for a shock with figures showing new sellers in England and Wales asking 3.3% more for\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-at-fastest-pace-in-two-years-rightmove-rejects-fourth-takeover-offer-from-rea-group-business-live\/","url_meta":{"origin":146755,"position":4},"title":"UK house prices rise at fastest pace in two years; Rightmove rejects fourth takeover offer from Rea Group \u2013 business live","date":"September 30, 2024","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial newsNumber of UK estate agents going bust rises almost a third in one yearREA Group now has eight and a half hours to decide whether to make another offer for Rightmove, in the hope of winning the board\u2019s support, before hitting\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-in-october-despite-economic-turmoil\/","url_meta":{"origin":146755,"position":5},"title":"UK house prices rise in October despite economic turmoil","date":"October 17, 2022","format":false,"excerpt":"\r Average price of a property coming to market up 0.9%, says Rightmove, but first-time buyer demand has droppedAsking prices for houses in the UK edged higher in October, although demand from first-time buyers has dropped as mortgage rates surge.Despite the economic turmoil since the government\u2019s mini-budget last month, there\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146755"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=146755"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146755\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=146755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=146755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=146755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}