Will inflation pain hurt UK house prices?
We’ve seen a sharp rise in inflation and the Bank of England is expected to hike interest rates in early February. What does this mean for UK house prices? We hear from Knight Frank head of UK residential research Tom Bill and Toscafund chief economist Savvas Savouri. The pair last came on the podcast six months ago, ahead of the sharp increases in gas prices which have contributed to record inflation rates.
But Savvas suggests that while inflation is likely to breach 6%, these rates won’t persist and predicts that inflation will ease off to around 2.5% by the summer of 2023.
Against this…
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