UK housing market forecast for 2022? Busy, but less frenetic
The UK’s housing market is likely to return to more normal levels of activity in 2022 but will still be busy, with strong buyer demand carrying forward into next year and a rebound in the number of homeowners apparently getting ready to sell, according to Rightmove.
The property website said that following a “frenzied” 18 months, the market was heading for a “less frenetic” period, with a more even balance between buyers and sellers as more homes are put up for sale and higher interest rates take some of the heat out of buyer demand.
It said one sign of a return to more traditional conditions was its finding that the market had experienced its usual “December dip”, with the average asking price of a home falling by 0.7% – or £2,234 – over the
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