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UK house prices set to rise by 5 per cent next year as buyer demand continues to outweigh supply

Britain pandemic record country

01.12.2021 - 14:13

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House prices across the country are predicted to rise by another 5 per cent next year. According to Rightmove, the average price of a property in the UK will continue to climb in 2022 due to a larger buyer demand and a lower level of properties available.

Demand to purchase a home is currently up by two percent from this time last year, and up by a huge 40 percent when compared to November 2019.

This has stemmed from the first lockdown, where people's housing needs changed sparking moves to bigger homes, places with more outdoor space and the stamp duty holiday tempting house hunters to move quicker. READ MORE: Could you live in a graveyard?

Read more on manchestereveningnews.co.uk

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