Liverpool Property News
Outlook for the housing market and wider UK economy
Gillian Bell
Aug 11, 2023, 10:00 AM
Monitoring the outlook of various economic indicators gives us a good view on both the current and future direction of the UK’s housing market.
With 14 consecutive interest rate rises, the Bank Base rate reached 5.25% in August. Latest projections are that rates are likely to peak before the end of the year, having successfully begun to curb inflation.
Inflation is expected to remain ahead of target (2%) while wage growth remains high and employment continues to grow.
More stability is expected in 2024 with the UK economy now expected to avoid recession. Nationally, house prices falls seem inevitable, but with an election on the horizon, expect some new policy incentives for first time buyers. Source: #Dataloft. Average of independent forecasts made in the last 3 months. August 2023
About The Blog
This Blog looks at what is happening in Liverpool, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Gill Bell - Editor
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