Housing market could be hit by rocketing inflation

The recent surge in inflation could deal a double blow to the housing market, the National Association Of Property Buyers (NAPB) predicts.

UK inflation has risen to a near-30-year high of 5.4%, driven higher by rising prices for food, furniture, clothes and housing costs.

According to the latest data from the Office for National Statistics (ONS), the consumer price index (CPI) measure of inflation rose to 5.4%, the highest since March 1992 when it was 7.1%.

Jonathan Rolande, from the NAPB, said the situation could be a double-whammy for the housing market.

Read the full article on Property Industry Eye | JANUARY 24, 2022 | MARC DA SILVA