Uncertainty Still Dominates From Omicron
While there are tell-tale signs that the housing market could see a more normal year in 2022, the looming threat of Omicron and additional lockdowns is leading to strong uncertainty over the coming months.
Although Omicron will likely not lead to any damage to the UK property market (read our blog on Omicron to see why), it could mean that the market could see even higher growth than expected.
After all, most predictions for the property market are centred around the fact that buyer demand will settle in 2022. However, if Omicron leads to additional lockdowns, it’s possible we could see a repeat of 2020 and 2021, which saw house prices rise to extraordinary heights.
The bottom line is there is simply no way to accurately anticipate what will happen in the next 12 months.
As such, while looking at property price predictions is a good indicator, you shouldn’t make decisions solely based on upcoming estimations that can often be proved wrong.
Often, the best (and cheapest) time to buy property is now, with prices always on the rise.