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House price forecast
The rate of house price growth is due to slow in 2022, but remain positive, ranging from 2% (London) to 4.3% (North West).
Growth will be highest in northern and Midlands regions, where affordability is less constrained, and slowest in London where it is more stretched.
A shortage of homes on the market and high levels of equity will be key drivers for house price growth in 2022.
Cost of living rises and the expectation that mortgage rates and taxes will increase in 2022 are likely to impact affordability, thus limiting house price growth. Source: Dataloft, Zoopla, Savills
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