2021 looks like another record year for the housing market. The question is, will 2022 follow suit?

According to Zoopla, research shows UK house prices are up by 7.4% in 2021 compared to 4.2% in 2020.

The average comes out at 7.4% with Wales being the highest at 11.3% and London being hit the hardest with moderate growth of 2.6%.

The East of England is almost identical to the UK growth showing an increase in prices of 7.3%

Whilst forecasted growth is predicted to be 3% for 2022, demand for homes is still very high with January 2022 showing an increase of 49% compared to the same period in 2018-2021. This almost matches the 46% downturn in available stock.

Interestingly, house prices have risen in the 20 largest cities by 8% whereas prices for apartments have only seen an increase of 1.9% resulting in an upsurge for apartments as an investment due to the lower entry price. 2 bed apartments are third on the list for demand and second on the list for supply. If you’re new to property investment and looking to start your journey, a 2 bed apartment could be the simplest and most cost-efficient route.

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