Quealy & Co Estate Agents bring you the latest housing market trends to help you make an informed decision about selling or renting your property. The rate of house price growth is due to slow in 2022, but remain positive, ranging from 2% in London to 4.3% in the North West.
House price growth will be highest in Northern and Midlands regions, where affordability is less constrained, and it will be slowest in London where affordability and the need for much higher deposits becomes an issue.
A shortage of homes on the market and high levels of equity will be key drivers for house price growth in 2022.
Cost of living rises and the expectation that mortgage rates and taxes will increase in 2022 are likely to impact affordability, thus limiting house price growth.
However, this slowdown of house price growth was to be expected after over a year of rapidly increasing prices across the UK.
Thinking of selling your home in Kent?
If you’re thinking about selling your home in 2022, we’d love to talk to you. Did you know that marketing your property for sale over the festive season is beneficial? Many people think it’s a bad time of year to market their property but this couldn’t be further from the truth!
Rightmove’s busiest time of year is always the period between Christmas and New Year. In fact, traffic to Rightmove was 54% higher on Boxing Day last year compared than the previous Boxing Day!
Get in touch to discuss marketing your home in time for the post-Christmas Rightmove rush. It is the ideal time to spruce up your home and let Quealy & Co help you prepare for the huge influx of buyers looking to move in 2022 who visit Rightmove between Christmas and new year.
Source: Dataloft, Zoopla, Savills