There is increased speculation that the housing market could crash in 2022 due to higher interest rates and increased cost of living as households try to afford rising energy and fuel costs.

The Bank of England has predicted that inflation in the UK will hit 10% by the end of 2022. Rightmove has projected house price growth to drop from its current level of 9.7% to 5% by the end of 2022. However, house prices have risen consistently, making it the longest steady price increase for six years.