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UK property and housebuilder shares rise after BoE data

Thu, 06th Aug 2015 11:17

LONDON, Aug 6 (Reuters) - Shares in British housebuildingand property stocks rose on Thursday, after only one of the Bankof England's top policymakers voted to start raising interestrates.

Housebuilder Taylor Wimpey rose 1.7 percent, makingit one of the best-performers on the blue-chip FTSE 100 index. Rival housebuilders Persimmon and BarrattDevelopments also advanced 0.4-0.6 percent.

Shares in estate agency Foxtons had been innegative territory before the Bank of England's release, beforeturning positive to stand 0.3 percent higher.

Property website group Zoopla also climbed by 0.8percent.

Ian McCafferty wanted to raise borrowing costs at the Bank'sAugust meeting which ended on Wednesday, resulting in an 8-1vote in favour of keeping rates at their record low of 0.5percent, the BoE said on Thursday.

Most economists taking part in a Reuters poll had expectedtwo members of the Monetary Policy Committee to vote for a ratehike. Some had expected three. (Reporting by Sudip Kar-Gupta; Editing by Alistair Smout)

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