UK housing market expected to stabilise in 2022

The year ahead could bring more stability to the housing market, after a bumper year in 2021 saw frenzied homebuyer activity and prices surging to record highs. Trade association UK Finance estimates £316bn worth of home loans were given in 2021, driven by strong homebuyer activity. It marked the highest total since gross lending reached £357bn in 2007. Looking ahead, James Tatch, principal, data and research at UK Finance, commented: “We're seeing a return to a stable path for new lending, for (2022) onwards.” 

The Guardian (10/01/2022)   The Independent (10/01/2022)