UK Economy & Property Market Update February 2022

Market Report provided by RICS

Inflation pressures continue to grow leading to a shift in stance from the Bank of England. Despite the hikes in interest rates seen to date and the prospect of more to come, for now it is anticipated that the economy will remain relatively resilient. Consumers are expected to draw heavily on the build-up of savings during the pandemic and business investment is seen picking-up on the back of the tax incentive introduced last year. This is reflected in the feedback provided to recent RICS surveys of the construction sector as well as the commercial and residential markets which generally remain positive.