UK Home owners saw a ton of value added to their homes as house prices soared in 2021. The entire UK housing stock now estimated to be worth £9.5trn.
A large increase in home sales in 2021 resulted in a surge in the market value of homes. The market value of homes surged collectively by £670bn.
“The average price of a UK home jumped £16,000 in 2021 to £240,800”
Is this surge in value and value and the price of housing in the UK set to continue? We dont think so, well at least not at the current rate. House prices in 2022 will continue to rise but not at the level of 2021 as more supply will be entering the market, easing the supply and demand imbalance.
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