Watching the monthly inflation figure announcement has been a depressing but necessary pastime for UK real estate investors over the past six months. Compared to other big economies like the U.S. or eurozone countries, high inflation has been much more persistent. High UK inflation means rising interest rates, and those rates mean falling property values and a frozen investment market. At the start of the year, hopes were high that inflation might have peaked or would do so by the end of the summer, and that by the end of the year, the cost of debt might be falling again, freeing up investment markets. By late spring, with inflation still rising, that began looking like a vain hope. Until now. 
“People were nervous in May and June that maybe UK interest rates would start with a six, and psychologically, that was a big deal,” CBRE Investment Management Chief Economist Sabina Reeves told Bisnow.The Bank of England’s interest rate is…  Read the full story here. | 
