Archive for April, 2007

The Halifax has released data showing that house prices rose, on average, by 1% in March. Overall prices have risen by 2.8% in quarter one of 2007. March’s figure brings the annual rate of house price growth to 11.1%.

(more…)

The Bank of England has voted to keep the base rate at 5.25% in April. While this is good news for borrowers, it is widely expected that high inflation is likely to mean a rise to 5.5% in the not too distant future. Though this is not good for borrowers, the good news is that 5.5% is expected to be the peak of the current cycle.