Market looks 'bleak' for landlords in 2022

“This supply and demand imbalance has driven house prices high, and in March 2021 when the property transaction tax holiday was extended, Propertymark figures show a shift from an eight-year-long buyers’ market into the strong sellers’ market we are seeing now.”

With sellers back on top, asking prices began to climb. Since 2013, the majority of homes have sold for less than their asking price. But in the last year, a significant shift has happened, with homes now predominantly selling for their asking price or over.