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House prices tend to rise with inflation, so with UK annual inflation hitting 4.2% last week, that’s good news, isn’t it? Yes and no – let me explain what it means for Ely homeowners.
The year-on-year cost of living rose by 4.2% in October, its highest rate in almost a decade. This jump in prices (inflation), pushed mainly by increasing fuel and energy costs, placing further pressure on Ely household budgets.
So, what will this rise in inflation mean to Ely house prices?
Let me look at the downsides first. The first is the effect inflation has on the true spending power or value of your hard-earned money.
The mid-1970s to mid-1980s was a time of high inflation in the UK, so I think that is an excellent place to start.
House prices tend to rise with inflation, so with UK annual inflation hitting 4.2% last week, that’s good news, isn’t it? Yes and no – let me explain what it means for Ely homeowners.
The year-on-year cost of living rose by 4.2% in October, its highest rate in almost a decade. This jump in prices (inflation), pushed mainly by increasing fuel and energy costs, placing further pressure on Ely household budgets.
So, what will this rise in inflation mean to Ely house prices?
Let me look at the downsides first. The first is the effect inflation has on the true spending power or value of your hard-earned money.
The mid-1970s to mid-1980s was a time of high inflation in the UK, so I think that is an excellent place to start.
