Residential Update and Outlook - April 2026
April's economic data is finally showing how the war in Iran may be reshaping the UK's economic landscape.
While February showed a promising 0.5% GDP growth, the subsequent outbreak of war has triggered a rise in inflation to 3.3% and we can now see the strain this is placing on the manufacturing and construction sectors.
In the residential market, there are some emerging signs of volatility here too, specifically rising mortgage rates and the wider uncertainty appears to be weighing on buyer confidence, despite the early momentum we saw at the start of the year.
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