We’ve just had the good news that interest rates have dropped. Interest rates now stand at 4.75% and the drop is in line with expectations of the Bank of England today.
Morton Reeves Estate Agents Celebrates 10th Anniversary of Service Excellence
Morton Reeves Estate Agents, a trusted name in the property market of Norwich and the surrounding areas, proudly announces the celebration of its 10th anniversary
Interest rates have been decreased by the bank of England
Is this the start of a more stable property market? Just last week, we saw the Nationwide Building Society release rates of less than 4% on some mortgage deals. This combined with a reduction in the Bank of England base rate, we think will help to solidify the 2024 property market and create excellent bedrock for potential further growth.
FEBRUARY PROPERTY UPDATE 2024
These figures are taken from the Rightmove property index, which rather unfortunately includes the Cambridge data within the East Anglia region, but it does show a more regional interpretation of price change, rather than the national figures which are always way out for us in Norfolk with London prices being so high!
Consider this when choosing your agent
As you wade through the norwich estate agents list, wondering which company to choose, let me offer a few words of wisdom!
Have you tried the Morton Reeves Quiz?
Are you interested in testing your property knowledge?
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