A Shropshire estate agent says another hike in interest rates would have a 'dampening effect' on some buying decisions in the region.
Pressure on the Bank of England to pause interest rate hikes is building after official figures showed a surprise easing of UK inflation last month.
"This shift has been driven by various economic factors, which in turn affects buyer sentiment. The expectation of a future increase in interest rates will have a dampening effect on some buying decisions.” "Historically, property values perform extremely well as Shropshire has always been a desirable country, long before the race for space hit the national press!”
"Whilst we have seen rises in the Bank of England rate over the last year, conversely lenders have been reducing their Fixed rate products by some considerable margin.
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