Housing market will get off to report begin for 2022 as valuation requests virtually DOUBLE for first week of the 12 months

  • Valuation requests up 44 per cent in January in comparison with identical time final 12 months
  • The variety of consumers inquiring about properties was additionally up 15 per cent
  • Costs soared by way of pandemic and lack of properties is pushing costs greater
  • Property brokers on common have solely 12 properties to promote, in line with Rightmove










The housing market recorded its busiest-ever first week of the 12 months whereas common asking costs underwent their quickest development since Might 2016, figures present.

Information from property web site Rightmove confirmed January kicked off with a 44 per cent bounce in valuation requests from the identical time final 12 months.

It additionally confirmed a 15 per cent enhance from final 12 months within the variety of consumers inquiring about properties.

Costs have soared all through the pandemic and the persevering with scarcity of accessible properties has pushed costs even greater. 

Property brokers on common have solely 12 properties to promote, a report low, in line with Rightmove.

In the meantime, low cost mortgages and financial savings constructed up in lockdown have added to demand.

Estate agents currently have only 12 homes to sell on average, according to data from property website RightMove

Property brokers at the moment have solely 12 properties to promote on common, in line with knowledge from property web site RightMove

In accordance with final 12 months’s Funds forecasts, the home value rally will final 5 extra years, with common costs rising 13 per cent by 2026.

Costs for properties within the ‘first-time-buyer’ bracket hit a report degree with a median of £214,176 wanted to get on the property ladder.

Rightmove property knowledge director Tim Bannister mentioned: ‘All the indicators counsel that costs are more likely to proceed to rise till extra selection is on the market.’

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