UK house asking prices dip, but buyer interest picks up, after Bank of England cut ...Middle East

UK estate agents are reporting more buyer interest following the Bank of England interest rate cutThe Bank of England began cutting interest rates from a 16-year high on August 1Rightmove survey showed:Also: buyer enquiries in August were 19% higher than a year earlier, compared with an 11% annual increase in JulyRightmove director Tim Bannister (via Reuters report):"While mortgage rates aren't yet substantially lower since the rate cut, the fact that the long-hoped-for first cut has finally arrived, and mortgage rates are heading downwards, is positive for home-mover sentiment" This article was written by Eamonn Sheridan at www.forexlive.com.

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