News
One question that we get questions as estate agents by prospective investors is about what is the property trend in 2022 and what is emerging generally so that they can be informed before plunging into an investment.
With that, let’s take a look at the house trends we see that are emerging in 2022 so far
Increase in House Prices
It is expected that the house prices and property values will increase across the year, however, you should be aware that it may not be as fast as the increase happened in 2020. It is likely to be slow.
The first thing to be considered is that we are just recovering from the pandemic, and houses with gardens may likely tail off.
Although most people over the past year have been spending a significant amount of time working from home and in effect, the focus was more on home working, but it won’t last.
Another factor to be considered is the stamp duty that the government brought in which has already ended, so the demand may slow.
The increase in house prices is expected, but not as quickly as it was in 2020.
House Prices in London
The house prices in London will vary. The prime central London properties are expected to rise by about 8% in 2022. While the prime outer London properties are expected to rise by about 4%. And the mainstream London properties is expected to rise by about 2%.
Despite the downsides such as high house prices, still London remained a hugely popular investment spot. As it is a major international city and there’s always constant development in the city.
At Bluestone Properties, we do not only sell properties but we also advice our clients about the market and the property.
If you are looking for an investment in south London, don’t hesitate to contact us on 0208 355 3405.
