Bank of England cuts base rate: the property industry reacts

Following the news that the Bank of England's Monetary Policy Committee have voted to lower the base rate by 0.25% - marking the first reduction in rate since the start of the Covid-19 pandemic -

Chris Gardner, CEO at Atelier, said that developers, lenders and buyers would all be breathing a ‘sigh of relief’ at the news, adding that it would be a ‘catalyst’ to get the market moving again.

Property Reporter, August 2024

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