UK Economy and Property Market Update

Highlights from the latest update include:

Expectations for growth this year have been halved, reflecting the recent spike in energy prices and the anticipated second-round effects. Interest rates are now viewed as more likely to rise than fall over the remainder of the year, as inflation remains well above the Bank of England’s target. There are already signs that this shift in sentiment is feeding through to real estate markets, with development projections for the next twelve months being scaled back.