UK House Prices Continue Surge
People looking to get a mortgage to buy a new home will probably have been well aware of the significant rise in house prices in the past couple of years, a process that began before the general surge in inflation across the wider economy.
However, economists and property experts have been debating whether this high rate of house price inflation will be curbed as the economy feels the effects of inflation, with the Bank of England raising base rates four times to reach one per cent for the first time since 2009 and warning of low economic growth or even a recession.