So, what do we think in the office? Put simply…
We are certainly expecting the housing market to return to some kind of normality in 2022. This seems to be a common theme amongst the trusted property portals like Rightmove and Zoopla.
Working in this industry every day we have a very good feel on ‘market conditions’, you can be sure of that.
And our property experts here at Campbells have years and years of experience.
A lot of sellers, home buyers and investors ask us what we think is going to happen.
Let’s take a look at what the top analysts are saying and take it from there…
It looks like it is still going to be a busy market in 2022 and we believe it will still remain a seller’s market.
Zoopla have reported, buyer demand is still up 15.7% since 2020.
In 2021 there was a 33.2% drop in housing stock compared to 2020, hence the reason why things have been a little bit crazy for buyers.
Housing stock will rise after Christmas, once people have got the their festivities out of the way.
House Price Predictions From The Experts:
- Rightmove: 5% Increase
- Zoopla: 3% Increase
- Savills: 3.5% Increase
- Jackson Stopps and Staff: 3-5% Increase
Our feeling is that a 3-5% increase in property prices over the next 12 months would be a reasonable prediction.
We can feel the market getting busy by the amount of enquiries coming in already – buyers asking to be quickly kept informed.
Even when we pre-launch our new properties on Facebook we get instant commenting, liking, sharing and instant messages.
Rightmove have their national opinion: https://www.rightmove.co.uk/news/articles/property-news/house-price-forecast-2022/
As a seller, you have every opportunity to sell quickly at a very good price as we move into the New Year.
“It’s not about whether you will sell your property or not, it is about how much can you achieve for it”.
With a very experienced property expert, a realistic marketing price and following a well-practiced and proven method, you will find that selling a property in 2022 will be an easy and pleasurable experience for you.
If you are planning to do this shortly then let’s have that conversation.
As a buyer, you will find in January and going forwards into 2022 that you will have more stock to choose from. The problem over the last 6 months for buyers has been competition and lack of stock, but as we mentioned above, with the market predicted to return to normal conditions, this also means that there will be fresher stock coming onto the market, giving buyers more choice, which, like sellers, should make the buying process more enjoyable.
We are looking forward to January having had a few days off to enjoy the holiday period.
If you have any questions please don’t hesitate to ask any of our property experts – we are around over the break.
”Property valuation/advice requests have already taken a jump in the final week leading up to Christmas. Sellers are gearing up to crack on once Christmas is out the way - I expect January is going to be really busyJamie CampbellSenior Associate
The best advice we have for both sellers and buyers at the moment is to make sure you are prepared and ready – become a ‘power-buyer’ as Rightmove like to call it.
As a buyer, you need to make sure you have financially prepared yourself – whether it is gathering savings or arranging a mortgage.
Ideally we would recommend, at the very least, a mortgage in principle in place before conducting any serious viewings.
If you want to be taken seriously by a seller then get prepared.
If you are not sure what to do or you want reassurance, then just ask.
If you are feeling a little lost as a buyer and not sure what you need to do to be at the top of an estate agent’s radar then let us know – we can help you.
The best way to get in contact over Christmas is to fill the form by clicking the button below and we promise someone will come back to you as soon as possible.
The Campbells Team