Shortage of homes for sale and a thriving labor market will most likely support the housing market in the UK since most consumers appear to always be under pressure from increasing inflation and higher interest rates.
Eitan Eldar, founder of EEH Ventures, was interviewed about this matter on an article published by IssueWire, during which he explained: “This trend is expected to continue even after raising the expected interest rate and in addition to discontinuation of the assistance and benefits that encouraged the purchase of houses. The UK housing market demand remains buoyant due to various factors that strengthen and affect the housing market, including a strong economy, employment, and COVID”.