13/12/2021
Rightmove says the UK housing market is set to be closer to “normal” in 2022, following a “hectic” last 18 months.
Estate agents and builders have seen high demand for properties during the pandemic, as people reassessed housing needs during lockdowns. Buyers were enticed by a stamp duty holiday, which has now come to an end.
While estate agents are enjoying one of their best years in terms of the volume of sales, 2022 is expected to see a return to normality in the market. Prices will still rise, as buyers make the most of cheap mortgage rates but the pace of increase will be slower and lower, which will make for a calmer, less frenzied market.