Sixth price record as Rightmove revises house price forecast for 2022

A continuing desire to move and low numbers of homes for sale are driving further price growth even at a time when personal finances are becoming increasingly stretched says the latest data from Rightmove. It says annual price growth is now +9.3% as the average asking price of a property hits its sixth consecutive record this year at £369,968.

Price Forecast up to 7%

Rightmove has now revised its full year 2022 house price forecast up from 5% growth to 7% despite a cooling market, as record low stock volumes struggle to recover enough to meet buyer demand, although the portal says there are signs of this improving. The number of new sellers coming to market is up by 13% compared to this time last year, however, available stock is still 40% down on June 2019’s levels which will help to underpin prices.

Demand to move is coming off the boil but remains high despite economic and political uncertainty.

Speak to one of our mortgage experts
Enter your number below to schedule a callback with one of our team.*
Now choose your preferred day and time
Excellent service, highly recommended. Great communicators and very helpful for us as first-time buyers.
Always there to help with helpful and honest advice, would recommend to anyone. We are first time buyers and they really helped with simplifying all the jargon and giving us great advice.
Chris M
Great communication and customer service throughout the process.
A very helpful, trustworthy and straight,-talking service that got us the result we wanted.
First time buyer
Very informative personnel, happy to help and easy to communicate with. I would definitely recommend.
Excellent service! Couldn't ask for.more. thank you so much !!
Mr&Mrs Martin
Request a
call back
Preferred day*
Preferred time*

Arrange a callback

Please complete the form below and one of our specialist mortgage advisers will call you back.
Preferred day*
Preferred time*

We use cookies on this website. You are free to manage cookies settings via your browser at any time. To learn more about how (and why) we use cookies, take a look at our Privacy Policy.