Row of traditional British terraced houses with red brick facades, bay windows, and distinctive rooflines against a cloudy sky.

Residential Update and Outlook - March 2026

This month's report finds the UK economy navigating an uncertain period as the ongoing conflict in Iran continues to influence the global landscape.

While the recent energy price shock has adjusted inflation forecasts to 3.0% for Q2, leading to a shift in the previous downward trend for mortgage rates, the housing and rental markets have maintained a period of relative stability.

January's GDP remained flat and the construction and labour markets continue to show signs of cooling, but the full impact of current geopolitical tensions remains to be seen.

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