Inflation To Make SHOCK Return! (UK House Price Crash 2024)

UK inflation is set to soar again in a SHOCK move that will send PANIC through the UK housing market. Some may believe that the UK House Price CRASH is over as recent inflation and mortgage rates fall have led to an increase in activity from buyers and sellers, however, with a potential inflation shock on the horizon the future for UK House Prices in 2024 is still very uncertain!

The Red Sea crisis has led to a huge increase in freight container prices, with popular routes via the Suez Canal experiencing price increases of over 400%!

The ECB and OECD estimate that each 50% increase in container costs could lead to a 0.25% increase in inflation, so if prices remain high then a second wave of inflation is extremely likely.

A study by a federal bank suggests that it can take up to 11 months for the full effects of shipping prices to filter through to inflation indexes. This may mean that the current soaring container prices aren't seen in inflation figures until the end of the year.

Container prices can have an impact on more than just the cost of products, they can also impact food, drink, clothing and energy.

This uncertainty means UK house price predictions and forecasts are currently very difficult to make, without lower rates the UK housing market has very little chance of recovery.

What will happen to UK house prices in 2024? How much will house prices drop in 2024? Post your UK house price forecasts in the comments!

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Видео Inflation To Make SHOCK Return! (UK House Price Crash 2024) канала Honest Money