Our Property Market Predictions for 2022

It is no secret that 2021 has been a turbulent year for the property market, and the world, but as this year comes to an end, a number of predictions are beginning to emerge for homeowners looking to buy or sell in 2022. If you are in this position and could benefit from a little foresight before you start your property search, continue reading to find out how the current climate is expected to change or stay the same, and our property market predictions for 2022.

It will continue to climb

If you are hoping to become a first-time buyer in 2022, it may benefit you to know ahead of time that the property market is expected to continue climbing due to a number of factors but mainly a growing gap between supply and demand. In 2021, for example, it became apparent that the number of homeowners looking to up sticks and move vastly outweighed the number of available properties. If you are a landlord, now may also be the perfect time to sell or prepare to sell a rental property to take advantage of rising house prices.

The built-to-rent boom will continue

In the past couple of years, the property market in this country experienced a built-to-rent boom that is predicted to continue into the new year. In 2022, however, a growing number of tenants are expected to opt for long-term leases as opposed to short-term leases as they seek greater stability and permanence than ever before. In addition, it may also grow to include single-family and individual housing as opposed to just multi-family dwellings.

There will be a demand for spacious properties

In the past couple of years, homeowners have spent more time indoors than they perhaps would have liked due to the global pandemic forcing the vast majority of employees to work from the comfort of their own homes. In light of this new way of living and working, 2022 is expected to bring with it a demand for spacious properties as a growing number of people actively search for a change of scenery or more space to enable them to comfortably work from home.

It will be less frantic

If you were brave enough to buy or sell your home during 2021, you will be familiar with how chaotic the entire process was from start to finish. If you had intended to buy or sell your home during 2021 but decided to wait until the property market calmed down, you will be pleased to know that whilst house prices are expected to continue rising into next year, it will be less frantic in the coming months as it gradually returns to pre-pandemic levels.

Get in touch

If you are frantically looking ahead to 2022 in the hopes of buying or selling your home, our dedicated team of experts are always on hand to answer any questions or queries you may have and point you in the right direction so you can end the year in your forever home.