Looking Ahead But Don’t Look Back
Rising Rate Risk
Transactions – A Return To Trend?
As the end of the year draws nearer, attention is increasingly focussed on what might happen to the housing market in 2022. There may be two months of the year left but estate agents, economists, and market commentators have been busy updating their house price forecasts for next year. After last year’s poor showing, forecasters’ expectations for 2022 are much lower than the growth recorded so far this year. High inflation and rising interest rates are a major cause for concern, while transactions are unlikely to repeat this year’s stamp duty holiday fuelled boom. This month’s market commentary looks at the latest OBR forecasts for the housing market.Continue reading “Market Commentary – October 2021”