Real terms inflation considers the effects of inflation, while nominal terms don't.
Over the past 12-18 months, UK inflation has been running on average 7.84%, giving you a rough nominal decline of -5 %.
A £600,000 property is now worth £570,000 in nominal terms.
Spoiler _: It is a lot worse than 5%
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Real terms inflation considers the effects of inflation, while nominal terms don't.
Over the past 12-18 months, UK inflation has been running on average 7.84%, giving you a rough nominal decline of -5 %.
A £600,000 property is now worth £570,000 in nominal terms.
Spoiler _: It is a lot worse than 5%