Blog Post

House Price Forecast Over the Next 5 Years

TomS - Head Tom Simper Jan 3, 2022, 10:30 AM

Against the backdrop of strong economic growth, particularly in 2021 and 2022, forecasts for property price growth over the coming years are positive.

The forecasts, produced by the Office for Budget Responsibility in the wake of the Chancellor's Autumn Budget in October, indicate that while property price growth looks set to moderate over the coming years, prices are not expected to fall.

The housing market proved to be one of the bright stars during the initial Covid-19 pandemic, bolstered by the significant government economic support packages and the stamp duty holiday.

The impact of the Omicron variant is yet to play out, but more limited government support and a rise in the cost of living may well squeeze household budgets more tightly than expected in 2022. Source: Dataloft, Office for Budget Responsibility

Load more comments
Thank you for the comment! Your comment must be approved first

"He was amazing and really went above and beyond to get it over the line"

- Sam

"Throughout Jamie kept his cool. Very professional guy."

- Peter

"Professionalism, Quality, Responsiveness, Value"

- Ian

"Excellent team, excellent service. Jamie Dowd was our agent and he was really excellent"

- Jacob

"Peter Anthony is one of the best letting agencies I have dealt with."

- Rahit

"We were very happy with the service we received from Peter Anthony from start to finish."

- Francesca

"it was a easy process as Dewi is professional and communicates regularly, he was always available to have a quick chat and keep me up to date."

- Nathan

"Jamie was my main point of contact and was super helpful from initial viewings, trough the offers process to getting the keys."

- Paul