The UK house price boom is set to end next year, mortgage lender Halifax has predicted. It predicts that British house prices might only inch up in 2022, by around 1%, after surging around 8% during 2021, as pressure builds on household budgets: In its housing market outlook for 2022, Halifax says: The housing market once again proved surprisingly robust during 2021, as government policy support combined with pandemic-driven shifts in housing preferences to keep transaction demand elevated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: