What will happen to property prices in 2022?
The sudden appearance of COVID-19 kickstarted a tidal wave of market activity as people nationwide upped sticks and pursued a new life elsewhere.
In 2021 alone, house prices increased by 9.8% in England and 15.5% in Wales. *
But, can we expect house prices to continue soaring throughout 2022?
Well, a major property portal still predicts prices to rise by 5% in 2022.
It has also reported a 19% hike in valuation enquiries since December. **
Whether these figures are buoyed by those taking advantage of a more flexible working environment or wishing to return to the lifestyle they had before, it’s clear that many people are looking to move soon.
With buyers flooding the market and the spring boom on the horizon, now could be the perfect time to sell.
The expected peak could also be good news for buyers as higher values tempt more sellers to list.
Therefore, the market may begin to balance out while continuing to strengthen.
Still unsure what your home is worth?
The last two years have taught us that the property market is highly dynamic and rapidly changing.
That’s why we recommend an up-to-date appraisal – you may be pleasantly surprised.
Our friendly team are on standby to advise on your unique situation. We’ll share insights about the current market and furnish you with an accurate valuation.
Contact us today to discover your property’s true potential.
*Based on recent data from the UK House Price Index
**Compared to the same period in 2020.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
A landlord’s essential winter checklist
Amidst all the hustle and bustle of Christmas preparation, the holiday season is really about taking a much-needed break from everyday business to spend time with loved ones.
Average rents continue to rise across the UK
In the fallout from the Bank of England’s base rate rising far above the waterline at 3%, mortgage rates and rents continue to rise in line with inflation, and the domino effect of the economic climate becomes ever more apparent in today’s housing market.
Demand on the rise for energy-efficient homes
Santander’s Buying into the Green Homes Revolution Report has revealed that nine in ten estate agents have acknowledged that demand is rising among homebuyers for properties with higher energy efficiency ratings.