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Key trends and insights anticipated in the residential market

Macro-economic factors, such as rising inflation and interest rates, are expected to have the biggest impact on the real estate sector in the UK in the next five years, according to a study from Berkshire Hathaway HomeServices, a global residential property brokerage franchise network.

According to the Berkshire Hathaway HomeServices 2022 EMEA (Europe, the Middle East and Africa) Report, the vast majority (85%) of UK property professionals expect inflation to have an impact, with a notable one in three (32%) anticipating a significant impact. This figure is above the average of countries surveyed, which came out at 78%, and second only to Portugal which topped the table at 88% of real estate professionals who believe there will be an impact.

With a significant proportion of UK real estate experts forecasting a knock-on effect from economic factors, other external forces were considered less significant, indicating confidence in the market. For example, nearly two-thirds (60%), the highest rate amongst surveyed countries, said global talent flows would have no impact, and more than half (54%) said that climate change wouldn’t have an effect.

“Whilst economic factors will undoubtedly play a key role in shaping the UK real estate market over the coming years, the sector continues to be confident and buoyant,” said Martin Bikhit, managing director at Berkshire Hathaway HomeServices Kay & Co. 

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