What Should We Expect From the UK Property Market in 2022
Posted by Market Financial Solutions on 31st January 2022 -
The performance of the UK’s property market in 2021 was nothing short of remarkable. In the face of ongoing social and economic uncertainty due to the pandemic, house prices rose sharply and transactional volumes remained at the levels seen before Covid-19 emerged.
According to data released by Halifax in the new year, the average price for a residential property in the UK now stands at £276,091, a rise of more than £24,500 on the year prior. This the greatest cash-value increase recorded since 2003.
Numerous factors contributed to the rapid growth of house prices, of which four stand out as being the most pertinent to this recent swell of growth:
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