"The Bank of England has cut the interest rate to 0.1% and injected £200m into the economy through bond purchases."
"This is the second cut the Bank’s Monetary Policy Committee has made via an emergency meeting in two weeks, after it slashed the rate from 0.75% to 0.25% last week."
"A Monetary Policy Committee statement said: “The spread of COVID-19 and the measures being taken to contain the virus will result in an economic shock that could be sharp and large, but should be temporary."
Government announces planning law proposals and infrastructure investment
"Property owners are to be given the chance to make their properties bigger by up to two storeys in a bid to make planning laws less bureaucratic and outdated, while more money is to be committed to infrastructure, it has been announced."
Rise In Homemovers For The First Time In Three Years
"The number of people moving home has risen in the first half of 2019, despite deposits remaining at record highs."
"The research by Lloyds Bank found that there were 160,540 homemovers in the first half of 2019, up by 810 (1%) compared with the same period in 2018. The number of first-time buyers increased at a slightly higher rate of 5% to 173,790 in the first half of 2019."
New figures show highest number of new home registrations in 12 years.
"In total 43,438 new homes were registered between April and June 2019, up 12% on the same period last year when it was 38,937 and the highest since the fourth quarter of 2007 when 43,525 were registered."
"Today, Thursday 18 July 2019, the Ministry for Housing, Communities and Local Government (MHCLG) released a report on the recommendations of the Regulation of Property Agents Working Group (RoPA) proposing a new regulatory framework to cover estate agents across the UK and letting and managing agents in England only".