Note: this is reposting of predications published propertynotify.co.uk
Here are some predictions by various mark leaders.
- Property prices rose consistently throughout 2021, with the past three months seeing the fastest house price growth in 15 years.
- House prices rose by 3.4% in the quarter to the end of November, which is the highest quarterly rate since late 2006 and brought the average price of a home to a record of GBP 272,992.
- Rightmove have predicted that the national asking price of a property, which is currently at GBP 342,401, will rise by 5% in 2022, meaning an increase of around GBP 17,000.
- Property prices in the sector rose for a fifth consecutive month by 1% in November 2021 and were 8.2% higher than the same time a year earlier.
- Rising by 3.4% in the quarter to the end of November, this is the highest quarterly rate since late 2006.
- Supporting these projections, Zoopla Research recently conducted a survey of UK households which found that 22% remain ‘eager’ or ‘very eager’ to move home in the next 18 months as a direct result of the pandemic.
Here are some areas which are expected to grow further in 2022.
- Birmingham (6% house price increase forecasted for 2022)
- Manchester (6% house price increase forecasted for 2022)
More information
Link to the full article can be found below:
https://www.propertynotify.co.uk/news/featured/uk-property-market-forecasts-2022/