Will the housing market ever slow down?

Feb 2, 2022

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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