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