War's Shadow Falls Across England's Housing Market The war in the Middle East is having a profound impact on the housing market in England and Wales, with signs of strain emerging across the country.
A monthly survey by the Royal Institution of Chartered Surveyors (RICS) paints a worrying picture: demand from potential homebuyers is softening, buyers and sellers are becoming increasingly cautious, and many agents report clients who are worried about the future of inflation and interest rates.
The Bank of England's warning that interest rates may need to rise in response to higher inflation has added to the uncertainty.