After the tumultuous two years that have just gone by, what can we expect from the housing market in 2022? Let Hose Rhodes Dickson fill you in…

Well, the good news is that the year has started incredibly well, in fact Rightmove recorded the highest number of new sellers on Boxing Day!

Some trends have changed for the long-term, while other changes are already reverting back to pre-lockdown. We got these stats from Rightmove:

“Seller numbers were up by 21% compared to Boxing Day the year before, as homeowners looking to move decided to take advantage of the post-Christmas buyer surge. Prospective sellers jumped into action on 30th December, which was the busiest day since May 2021 for people requesting estate agents to come out and value their home.”

“The national asking price of a home – which is currently £342,401 – is predicted to rise by 5% this year, which will mean an increase of about £17,000”

“Buyers looking for their next home have widened their search area by an average of 50km² (19.3 square miles) compared to March 2020, which is an area equivalent to the size of Manhattan!”

“2021 is perhaps best remembered as the year of ‘the race for space’ and the sharp rise in average asking prices for bigger homes really shows that. Since March 2020, the asking price of a detached house has risen by 14%, and by 11% for a semi-detached home.”

If you want to continue the trend and sell with the Island’s top-selling agent (that’s us!) then contact us for a free, no obligation market appraisal of your home.