What are you up to this weekend?

What are you up to this weekend?
Many people are out and about househunting or thinking about putting their property up for sale as the market’s ‘spring bounce’ arrives early.
If that’s you, there’s more good news as the Bank of England has signalled that interest rates could fall even lower than their 300 year historic low of 0.5%.
Governor Mark Carney has suggested that rates could be cut further as inflation continues to fall, largely fuelled by falling oil prices as well as the supermarket price war.
It adds up to lower mortgages rates and costs if you’re thinking of moving, remortgaging or even taking out a loan to realise that longheld dream for an extension.
Businesses are also benefiting as rates become more competitive and costs drop.
Mr Carney’s comments came in the Bank’s inflation report, in which he forecast that inflation would not rise until the end of the year.
In more encouraging news, he also upgraded economic growth and wage forecasts.
For 2015 and 2016, the Bank expects economic growth of 2.9% – up from the previous estimate of 2.6% for 2016.
Wages are forecast to rise by 3.5% this year, having risen by 1.75% in 2014 – well above inflation.
This will boost consumer spending as it means that many of us will have more money in our pockets for those little extras and the big projects, such as extensions or renovations.
Our friendly and expert team can help you whether you’re moving, remortgaging, having work done or planning major works on your home or business.
We deliver a comprehensive range of property related services, including land and property surveys, architectural design, conservation work, risk assessments and project management.
Please do get in touch for a no-obligation discussion about how we can help you.
Have a good weekend whatever you are up to, whether it is househunting, shopping, enjoying the great outdoors or relaxing!
You can also visit the Portsmouth website at www.portsmouth.co.uk for more ideas about what to do.
Please do like us on Facebook, follow us on Twitter @McAndrewMartin and connect with us LinkedIn when you get the chance too!

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