Learn what POA (Price on Application) means in UK property listings, why it's used, and how to find out the true asking price.
Read MoreAccording to respondents in a new survey, most participants have good faith in the house price forecast for the year ahead. According to most participants, property values are likely to increase next year by approximately 10%, which follows suit with the 10% rise seen for this year. The survey included property buyers and showed that just over a third of them expect UK house prices to rise by up to 10% in 2022 and beyond.
Table of Contents
ToggleBased on the latest HM Land Registry UK House Price Index, a 10% rise would see the average UK property value hit the £290,700 mark. Properties in London would have an average value of £578.500.
The survey also showed that approximately one in eight respondents expect property values to rise further than the expected 10% forecast. The respondents said that they expect house prices to increase by at least 15% next year. If this were to happen, you can expect to see UK house prices at a record average of£304,000, whereas London buyers would have to be ready to invest £605,000 for the average house.
Approximately a fifth of the survey participants expected a more moderate rise in house prices of just 1% to 5%. On the other hand, around one in twelve believed UK house prices would continue at a consistent rate over the next year.
When considering the house price forecast falling over the next year, most participants had little to no belief that it would happen. Perhaps they are going to some extent to put aside concerns that the UK housing market could crash following a year of record house price growth. 6% of respondents believed prices have the potential to decrease by 1-5%, yet only 3% felt that they could drop 6% or more.
The house price forecast for 2022 is looking likely to be a fruitful year for homeowners. If you’re considering investing in property or require some extra guidance. we can help. We have a proven track record of success, and we can guide you through the property market no matter what happens during 2022
Learn what POA (Price on Application) means in UK property listings, why it's used, and how to find out the true asking price.
Read MoreLearn how to buy and sell a home at the same time in the UK. Tips for smooth moves, smart finances & avoiding property chain...
Read MoreFree Download - Protect your rental property with a landlord inventory. Learn how to create one using a free, customisable template.
Read MoreLearn how to manage rent arrears, support tenants, and protect your property income.
Read MoreClaim Your Free Copy
Assets For Life LTD is a company incorporated in England and Wales with registered number 09935286 and registered offices at Assets for Life Ltd, Suite 105, Waterhouse Business Centre, 2 Cromar Way, Chelmsford, Essex, England, CM1 2QE, United Kingdom.
Assets For Life LTD is registered with the Information Commissioner’s Office, with registration number ZA280607
COPYRIGHT © 2024 ASSETS FOR LIFE, ALL RIGHTS RESERVED. WEBSITE BY AMPLIFY MARKETING