Unrelenting buyer demand and historically low levels of available property are predicted to push house prices further into unchartered territory during 2022, nationally by 5% and for 3% in the capital, according to the latest analysis from Rightmove.
As always there will be sector and regional market variations. Currently, the most competitive markets are in Scotland, the West Midlands, the South West and Yorkshire and the Humber, and Rightmove predicts these areas are likely to see price growth at a higher rate of upwards of 7% next year. Rightmove also forecasts that the London market will continue to improve, albeit from a lower base of activity and price rises than the rest of the country, with a more muted rate of 3% growth.
The portal’s price forecast is based on a house price predictive model that uses millions of supply, demand and pricing data points across the property market, along with insights from a panel of Rightmove experts.
Rightmove predict house prices to rise nationally by 5% in 2022
