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Housing Market Update - May 2026

This month we find that the latest economic data is showing how the war in Iran may be reshaping the UK's economic landscape.

While February showed a promising 0.5% GDP growth, the subsequent outbreak of the war triggered a rise in inflation to 3.3% and is driving mortgage rates to some of their highest levels in two years.

Despite this, the housing market continues to demonstrate a baseline of resilience which is hoped to provide a steady foundation moving forward.