Rich Pike, Chief sales and Marketing Officer at Phoebus said:
“Flat monthly GDP highlights the fragile state of the UK economy and raises fresh questions about how policymakers will respond.
The Bank of England may feel renewed pressure to take a more supportive stance, whether through signalling future rate cuts or other measures to stimulate demand.
For the housing market, weaker growth risks dampening buyer confidence and delaying decisions, particularly at a time when affordability remains stretched.
Any action to underpin the wider economy will be watched closely by households and the property sector alike.”