Property Prices – 5 Year Forecast
11th January 2022
Against the backdrop of strong economic growth, particularly in 2021 and 2022, forecasts for property price growth over the coming years are positive.
The forecasts, produced by the Office for Budget Responsibility in the wake of the Chancellor’s Autumn Budget in October, indicate that while property price growth looks set to moderate over the coming years, prices are not expected to fall.
2022 Sales 5 year forecast
The housing market proved to be one of the bright stars during the initial Covid-19 pandemic, bolstered by the significant government economic support packages and the stamp duty holiday.
The impact of the Omicron variant is yet to play out, but more limited government support and a rise in the cost of living may well squeeze household budgets more tightly than expected in 2022.
Wondering what the forecast for the rental market is for 2022? Check out our recent article here
Source: Dataloft, Office for Budget Responsibility
How long do we stay in our homes?
27th November 2023
People move more often than they expect to, one of the findings revealed in the recently-released Property Academy Home Moving…
Can rents go up indefinitely?
23rd November 2023
Affordability limits have hit critical points in various UK regions, signaling a diverse landscape in the rental market. While Scotland…
Brighton and Hove City Council’s proposed property licensing changes – webinar
23rd November 2023
Join our exclusive webinar 29th November to explore Brighton and Hove City Council’s proposed property licensing changes. Discover city-wide Additional…
