Property continues to rise in value. An average of independent forecasts predicts prices will end the year 5.8% higher than at the start.
Annual price growth has moderated since the double-digit figures evident in May and June, however the search for space continues to drive demand for property for sale in Kent and across the UK. Working from home, at least part-time, is a long-lasting legacy for many since COVID-19.
Properties are selling quickly and the majority of agents expect prices will continue to rise over the next 12 months, according to the latest survey by RICS. An average of independent forecasts produced to date in 2021 suggests prices will rise by 3.9% over the course of 2022.
Do you know how much your property is worth?
We have a super handy instant online valuation tool to get an estimation of property price in just seconds. The tool gives you a minimum and maximum possible property value based on local and national property market data but does not consider the condition of your home and other factors. However it’s an excellent place to start!
Source: Dataloft, HM Treasury, average of independent forecasts published in 2021 to date.
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