Some experts said that the reduction of interest rates in the Bank of England represents a “step forward” for potential buyers.
The advertisement represents a “pivotal moment” of the housing market, and most importantly, a “important step forward” for buyers for the first time.
He said: “The first interest rate from 2025 draws an optimistic picture for the coming year and must provide a confidence batch that affects the need for potential buyers.”
Marilyn Edwards, director of real estate loans at the specialized Finance Finance, said that the reduction of prices is likely to “stimulate the increasing market activity”, which may provide buyers for the first time “a more favorable entry point.”
However, she warned that borrowers should “reduce expectations.”
She said, “Mortgage rates may not immediately reflect the full range to reduce the basic price,” she said.
