Propertymark Response to the Bank of England Interest Rate Decision

Nathan Emerson, Propertymark CEO, comments on the latest decision by the Bank of England to hold interest rates;

“It is positive to see that many people intending to buy their first home or sell their current one won’t be hindered by an increase in interest rates.

“However, it is now time for the UK Government to continue to curb inflation so that interest rates can fall further to help ease the backlash this has had on people’s affordability. They should make 2024 the year consumers start to enjoy some confidence again following three years of disruption to the economy.”