Following a lockdown property frenzy in 2020/2021, demand continues to exceed supply for all property types throughout Northern Ireland we are confident that the Booming property market will continue well into 2022.
Lockdowns are far from over and with many continuing to work from home it is forcing homeowners to look for a new home now that lifestyles have unexpectedly changed due to COVID 19 and extra space is crucial.
Halifax have predicted that 2022 would see an increase in house prices by 2% . Sales stock on the market is down roughly 38% therefore continually pushing house prices up. This is good news for home owners and with this in mind alongside typical New Years Resolutions we expect the first quarter of 2022 to be busy with both first time buyers and home movers.
The Covid & Omicron waves have had nowhere near the impact on the property market as we would have expected in March 2020. In fact strongly the opposite.
The rise in property prices also extend into the rental market, with rental properties having the most substantial rent increases seen in over 10 years.
At Nest we offer a FREE, no obligation property valuation on your home and would be delighted to discuss your requirements with you. Nest Mortgages can also make the borrowing process much simpler. Call our office on 02893 438090 or email hello@nestestateagents.com
