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30 High Street, Cheriton, Kent CT19 4ET
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We’re almost halfway through 2022 and there is time to reflect on the current property market. Although the interest rate has risen, the impact has yet to hit buyer demand, with buyer numbers still high. Estate agents participating in Propertymark’s latest study reported an average of 100 purchasers registered per branch.
Figures from April give an early indication of what lies ahead for home movers. Last month appears to mark a turning point in a market that has, up until now, defied the wider economic backdrop. While a bust isn’t forecast after such a big boom, the first signal of moderation has been identified by Nationwide.
We’re far enough into the year to look back at the property predictions for 2022 to see if the forecasts were right. The majority of the experts assumed the market would revert to its familiar, seasonally-driven pattern – but statistics from the first quarter of this year paint a very different picture.
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