The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: optimism from the Bank of England; UK house prices are expected to rise; and the new Everton FC stadium will be the most accessible in the UK…
UK house prices expected to rise in 2024
“By the end of 2024, UK house prices are expected to have risen, on an annual basis, by an average of 2.5%, according to the latest five-year forecast released by Savills. This is a significant improvement on the agency’s previous prediction for a -3% fall by the end of the year, which it had forecast back in November last year”…
– Eleanor Harvey, BuyAssociation
Read the full article
Bank of England ‘optimistic’ as it edges closer to summer interest rate cut
“Andrew Bailey said he was “optimistic that things are moving in the right direction” as rates were held at 5.25%. He said the Bank expected inflation, which measures the rate prices rise at, would fall “close” to its target level in the next couple of months.
It paves the way for an interest rate cut as early as June”…
– Michael Race, BBC News
‘An entirely different level’ – New Everton stadium will be number one in the UK
Everton’s new stadium at Liverpool’s waterfront is expecting to cost around £500 million. The stadium will increase footfall to the area and boost the local economy significantly, and has a focus on accessibility for all fans.
“Everton’s move to the banks of the Mersey will take facilities for disabled fans to an “entirely different level” in what will be the most accessible and inclusive stadium in the UK”…
– Chris Beesley, Liverpool Echo
Andy Burnham gives updates on two new tram lines in Greater Manchester
“Andy Burnham has given his strongest hint yet that the Metrolink network will be extended to Stockport.
The Mayor of Greater Manchester said, “The new Stockport Interchange has been built with tram capability. We have to continue extending Metrolink””…
– Ethan Davies, Manchester Evening News
Images show how Liverpool museum could be transformed in £58m project
“National Museums Liverpool (NML) has shared its plans for the £58 millionrefurbishment of the International Slavery Museum (ISM) and Maritime Museum, found on the Royal Albert Dock. The two museums are expected to close in spring 2025 for works to begin, reopening in 2028″…
– Dan Haygarth, Liverpool Echo
Plans for UK-first advanced nuclear fuel facility
“The UK is to invest £196 million into creating Europe’s first ever advanced nuclear fuel facility in Cheshire.
The government said an energy supply chain that was not reliant on Russia was needed.
The facility is to be built and part-funded by Urenco in Capenhurst, Cheshire”…
– Angela Ferguson & PA Media, BBC News
BuyAssociation is an established voice in the UK property industry. As well as producing our own content and daily property articles, we curate a newsletter each week highlighting the week’s top headlines for UK property news articles, stories and reports. Stay ahead of the market and join over 30,000 of the world’s most informed property investors by registering today!
The 7am Cut – 13/5/2024