The recent base rate cut has sparked a significant uptick in the housing market, according to Rightmove. The property portal reports a 19% increase in market activity compared to the same period last year. Buoyed by this surge, Rightmove has revised its annual forecast, now anticipating a 1% rise in asking prices throughout 2024. This positive outlook aligns with other industry predictions, signaling renewed confidence in the housing market’s resilience.
