UK house price growth set to slow in 2022, property experts say
Britain’s housing market is to slow dramatically in 2022 as borrowing costs rise and household budgets come under mounting strain, property experts have predicted.
After a year of booming prices driven by stamp duty holidays across the UK and changes in the types of properties being bought and sold, forecasters typically suggest house price growth of between 3 and 5% next year.
The most recent figures from Nationwide building society showed annual price growth running at 10%.
