UK Real Estate Market Faces Challenges Amid Middle East Conflict
The UK real estate market is currently experiencing challenges due to macroeconomic factors stemming from the Middle East conflict, according to Tarrant Parsons, Head of Market Research and Analysis at RICS. According to Jin10, the Bank of England has recently issued a warning that it may need to raise interest rates to counter a new wave of inflation triggered by high oil prices and supply chain disruptions. This highlights the difficult environment faced by buyers.
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