A leading Wall Street investment bank has issued a warning that the Bank of England will need to raise interest rates to their highest level in more than 15 years to combat persistent inflation. According to researchers at Goldman Sachs, inflation is expected to remain above the central bank's 2% target until at least 2026 due to businesses continuing to pass on wage and cost increases. To address this issue, Bank Governor Andrew Bailey and his team are predicted to increase b

The most economical cities for first-time homebuyers in the UK have been revealed - and it offers valuable insights for property investors. The research from Rightmove reveals that Bradford is the most affordable city for first-time buyers. Homes there have an average monthly mortgage payment of just £521. The property platform says the typical property suitable for first-time buyers in the city has an asking price of £104,643. 'Cheaper to pay off a mortgage as a first-ti

There has been a 58% drop in property sales across England and Wales in the past year, research reveals. The findings from estate agents Nested compare the first quarter of this year to the same period last year. And by analysing the property sold price data from the Land Registry it found that 76,489 properties were sold during the first quarter of this year. That is a staggering 104,450 fewer homes being sold than in the first quarter of 2022. 'Significant impact on buyer