The Bank of England today decided to hold interest rates at their record low of 0.5 per cent for another month.
Its Monetary Policy Committee (MPC) has also kept the Bank's bond-buying economic stimulus programme at £375bn.
The Bank has kept rates low for five years now amid fears that a rise would throw some businesses and homeowners into jeopardy, but also to avoid putting the brakes on the economic recovery.
McAndrew Martin are expanding with the launch of a land and new homes division to push forward developments across the south coast.
We will draw on the expertise of The Land Agent South Ltd to assist in the new service for developers and landowners.
The move comes as the housing market and the economy gain momentum with growth upgraded to 2.7 per cent for this year, the extension of Help to Buy and proposals for 200,000 new homes nationwide.
The national housing market reported another increase in mortgage lending in March.
Gross mortgage lending totalled £15.4bn during the month, up 4% on February and 33% higher than a year earlier, according to the Council of Mortgage Lenders (CML).
A BBC report says that lending in the first quarter of the year, traditionally a quiet period, was down on the previous three months.
The figures show that total UK mortgage lending in the first three months of the year was £46.3bn. This was 10% down on the last three months of 2013.
We're set to employ more staff after a surge in demand for surveys by house-buyers.
We are carrying out 40 per cent more reports this month, February 2014, compared with February 2013 as the housing market and wider economy gains pace.
The increased instructions come as the Office for National Statistics (ONS) found that average house prices nationwide hit £250,000 for the first time - and as the Bank of England indicated that interest rates would not rise for some time
The Directors and staff of McAndrew Martin attended the RICS South East Awards Evening at Denbies Wine Estate in Dorking in May 2013. We were delighted to be shortlisted yet again for another prestigious award.
It was a hugely successful 2013 for the Practice, which continues to go from strength to strength with an ever increasing and - more importantly - very satisfied client base.
We're delighted to have been shortlisted in the RICS South East Awards 2013 under three categories. They are the Building Conservation, Community Benefit and Regeneration classes. They all relate to the John Cheverton Centre on the Isle of Wight.
This reflects the very high standard of project that we are now being asked to work on and are often the result of a recommendation from one of the company's ever increasing list of very satisfied clients.
The awards evening will take place on Thursday 16th May 2013 at Denbies Wine Estate in Dorking.