Ho ho ho. The Mail Online and Thisismoney are after predictions for 2022 for both the property and mortgage markets. So get out your crystal balls (can you even say that these days?). Questions below.
What will happen to the property market in 2022?
- Prices have rocketed in the past two years, but is 2022 the year things could finally slow down? A Halifax forecast today predicts only 1% growth next year.
- What could serve to slow house prices down, or keep them rising? Will Omicron have an impact?
- And what about the pandemic-led trends such as buying detached homes outside of cities, are they continuing or being reversed?
- Will the shortage of new supply coming to the market ever end?
- Will buyer demand decrease, and what types of homes, or locations, will/won't be in demand in 2022?
- And top tips for people looking to sell or buy a home next year.
What will happen to mortgages in 2022?
- What are going to be the main mortgage themes in your opinion?
- After this week's interest rate rise, where could rates be by the end of next year?
- What kind of mortgages are likely to be the key battleground next year?
- What will the mortgage situation be for different groups, e.g. first-time buyers, remortgagors, movers, downsizers?
- Are there challenges around affordability if household budgets become further stretched?
- And if the Bank of England does decide to scrap the SVR+3% affordability test, how would that change things?
As ever, quality not quantity . Focus on some brilliant lines rather than send over a load of fluff and waffle. Not that you lot waffle, of course!