The sharp upward trend in UK housing prices is expected to end in 2022

In the statement made by Halifax, evaluations regarding the housing sector were included.

In the statement, it was stated that the sharp upward trend in housing prices due to the increase in demand, especially during the new type of coronavirus (Kovid-19) epidemic, is expected to end next year.

In the statement, it was reported that the annual increase in housing prices in the country in 2021 is expected to be 1 percent, and if this happens, it will be recorded as the lowest annual increase since 2012.

In the statement, it was stated that the changing needs during the epidemic period increased the demand for different housing preferences, and the British government policies supported the sector, and it was stated that there was an 8 percent increase in housing prices in the country this year.

In the statement, it was emphasized that the epidemic increased the income distribution imbalance between different regions and age groups of the country, therefore the need for quality and affordable housing options became even more important.

Halifax Director Russel Galley, whose views are included in the statement, said, "The increase in housing prices is expected to decrease significantly in 2022 due to the expectation that interest rates may increase in line with the increase in inflation, the decrease in government support to the housing sector and the suppression of the household budget." used the phrase.