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A quick overview of the property market in the Welwyn Garden City Area
The Bank of England has announced its second Base Rate reduction of the year, dropping from 5% to 4.75%.
A familiar strategy emerges among estate agents every December: the Boxing Day property launch.
With mortgage rates for five-year fixed deals dropping to 4.5%, weโve seen a 20% increase in buyer interest since July 2023. The average house price has risen by 1.4% year to date and is forecast to increase by 2.5% by the end of 2024.