Expected Bank of England interest rate cut could provide Brexit boost

The UK economy could be given a post-Brexit vote boost this week as expectations mount that the Bank of England will cut interest rates to a new historic low.

Bank governor Mark Carney has already signaled policymakers on the Monetary Policy Committee would vote to cut rates over the summer, suggesting a cut in July or August.

Economists said it was “now probable” rates will be cut on Thursday, with financial markets pricing in a reduction from 0.5% to 0.25%.


House prices up 15% in Limerick. (Limerick Leader newspaper)

HOUSE prices in Limerick city have risen by over 15% in the past year, climbing to an average of €153,892, according to the latest quarterly report from the property website Daft.ie.

In the county, prices have risen by just over six per cent in the past year to €152,531.

The quarter-on-quarter change in county Limerick is just under one per cent, and in the city it has risen by 2.8% in the past three months.

The price change since the trough in the city, when prices bottomed out, is 29.6% and in the county, they have risen by 15.9% since the crash.

Despite the increase, Limerick remains one of the most affordable places to buy in the country – cheaper than Kerry, where average prices are nearly €169,000; Galway where the average is nearly €237,000 and Cork (€185,000). Tipperary and Clare are cheaper at €149,000 and €151,000 respectively.

http://www.limerickleader.ie/news/home/210577/house-prices-up-15–in.html Read more

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Properties for sale coming up!

At Asset Property Services Estate Agents, we have new “A” rated detached homes coming up in Askeaton and Castleconnell, just outside Limerick. Call us on 061 279423 for more information.