National growth is forecast to drop from 10% to 3-5% as higher borrowing costs dampen demandBritain’s housing market is to slow dramatically in 2022 as borrowing costs rise and household budgets come under mounting strain, property experts have predicted.After a year of booming prices driven by stamp duty holidays across the UK and changes in the types of properties being bought and sold, forecasters typically suggest house price growth of between 3 and 5% next year. Continue reading…
Source : theguardian.com
Read more…UK house price growth set to slow in 2022, property experts say
