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Bank of England Cuts Key Interest Rate to New Low

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Published: 05/08/2016   Last Updated: 05/08/2016 12:37:59   Author: Jason Douglas and Paul Hannon (The Wall Street Journal)    Tags: Brexit, Interest Rate, New Low, Bank Of England

The Bank of England has announced a quarter percentage point cut in the benchmark interest rate to a record low of 0.25%—the first such move in over seven years. Read More

Rental market survives 'Storm Brexit'

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Published: 26/07/2016   Last Updated: 26/07/2016 17:42:48   Author: Warren Lewis, ARLA    Tags: ARLA, Brexit, Properties, Rental, Warren Lewis

According to the latest report from ARLA, the rental market remains relatively stable in the wake of last month's decision to leave the EU.

Immediately following last month’s Brexit result, the rental market is stable, with little to no movement in terms of rental costs. While a tenth (12%) of agents reported an immediate dip in rent, an overwhelming three quarters (77%) saw no change. This contradicts expectations, as prior to the result a fifth (19%) predicted rents would increase, and a fifth (20%) expected them to fall. Only three in five (61%) thought they would stay the same. Read More