Residential property prices ended 2021 at a record high with annual growth at its strongest in 15 years, and yet there appears to be plenty more room for growth in 2022.
The average price of a home hit £254,822, an increase of almost £24,000 compared to the previous year, according to Nationwide. In cash terms it is the largest yearly rise on record.
Prices rose by 10.4% in the 12 months to December, up from 10% in November, owed in part to the low supply of homes on the market.
Average prices hit a year-high of £254,822 in December, marking a £23,902 rise on the same month last year, while they were 1% higher month-on-month.
Read the full article on Property Industry Eye | JANUARY 4, 2022 | MARC DA SILVA
Estate Agents
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