The average price tag on a home across Britain is predicted by a property website to increase by five per cent next year.
The most competitive housing markets currently are in Scotland, the West Midlands, the South West and Yorkshire and the Humber, Rightmove said.
It predicts these areas are likely to see asking price growth at a higher rate of upwards of 7% next year.
By contrast, asking prices in London are expected to increase by around three per cent.
Rightmove said that its price forecast takes supply, demand and pricing data into account.
Rightmove’s director of property data, Tim Bannister, said an imbalance between supply and demand “has resulted in buyer demand per available property being at near record highs, suggesting that the 2021 scenario of multiple buyer bids on a high proportion of properties when they come to market is set to continue in the new year”.
He added: “We do, however, expect the pace of rises in 2022 to be slower than in 2021 due to increasingly stretched buyer affordability following this year’s rapid rises in average prices.
“Slowing…
