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Wednesday, May 13, 2015

The BofE Inflation Report predicts property prices rising

The Bank of England have published their May 2015 Inflation Report, from which justified the Committee's decision to maintain the Bank Rate at 0.5% and the stock of purchased assets at £375 billion.

In the Money and Assets chapter of the BofE, May 2015 Inflation Report they conclude that rises in property prices were largely a result of low levels of housing supply, reflected by the fall in demand for mortgages since mid-2014.

Overall, the Bank of England staff predict 1⁄2% rises per month in the second half of 2015.

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