Housing Inflation Slowing
The constant increase in house prices seems to be slowing with the recent interest rate hikes finally kicking in it seems. A recent survey by Nationwide shows August inflation to be just 0.6% giving a moving annual figure of 9.6% - down 0.3% from July.
It is more of a tap on the brakes than an emergency stop, but the slowdown may follow the same pattern as the rate rises. They’re only just starting to have an affect, so we’ll probably see a greater affect in September and the run up to Christmas.