Price growth predictions

A quick look at the predictions for house prices over the next 12 months

Property continues to rise in value. An average of independent forecasts predicts prices will end the year 5.8% higher than at the start.
Annual price growth has moderated since the double-digit figures evident in May and June, however the search for space continues to drive demand. Working from home, at least part-time, is a lasting legacy for many of COVID-19.
Properties are selling quickly and the majority of agents expect prices will continue to rise over the next 12 months, according to the latest survey by RICS.
An average of independent forecasts produced to date in 2021 suggests prices will rise by 3.9% over the course of 2022. Source: Dataloft, HM Treasury, average of independent forecasts published in 2021 to date

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ORANGE HEAT MAP – House price Growth in Last 10 Years

Since 2014, UK house prices have climbed by 65.4%, but this national figure masks the varied growth across regions. In places like Attleborough, property values reflect distinct local factors, leading to differences in growth rates from city to city and town to town.

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