Phoebus comment on inflation

26 March 2025

Richard Pike, chief of sales and marketing at Phoebus Software, says:

"Today’s inflation figures are a surprise, and could be interpreted that price pressures may be stabilising. For homeowners and prospective buyers, this could signal hope that interest rates may ease sooner rather than later, improving affordability in the mortgage and housing markets. However, challenges remain, and stability must be maintained to support borrowers and ensure long-term financial resilience. We wait to see the economic impact of the increase in taxes taking effect from next month.

“Looking forward to this afternoon’s Spring Statement, with housing supply still failing to meet demand, we need to see clear, actionable policies that unlock and finance development. Supporting major house builders and SME developers, streamlining planning regulations, and providing targeted incentives for later-life and affordable housing could all help contribute to making a more accessible market.

“At the same time, improving property transaction efficiency through better digital infrastructure would benefit lenders, intermediaries, and buyers alike. Addressing these challenges head-on is key to ensuring a more stable and sustainable housing market for the future.”