UK property sector hit by fears of resurgent inflation

Quick Summary:

The property sector share slump deepened on the news as expectations rose that the Bank of England would delay its next interest rate cut until 2025.

Investor confidence has been knocked by a lack of clarity from the government over how it will reach its target of building 1.

Industry fears were cemented by Wednesday’s announcement that inflation had accelerated to 2.3 per cent in October, up from 1.7 per cent in September and higher than analysts’ predictions of 2.2 per cent.

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Article Details

Author / Journalist: Joshua Oliver

Category: MarketsFinanceInvesting

Markets: United States

Topics: Property Building Cent Budget Target Inflation Government Rates Been Sector Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 05:00:01 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23814440

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 6 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #3

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