According to the Nationwide House Price Index (NWHPI), UK property prices grew by 12.5% in the year to Q1 2022, exceeding the growth in the year to Q3 2021 (10.4%) and Q4 2021 (10.1%).

Housing market demand across the UK has continued to be strong with transactions and mortgage approvals remaining robust. The estate agents report that strength in the UK markets is expected to persist, with prices remaining strong particularly given extreme stock issues in the regions.

To read Strutt & Parker's Spring 2022 Residential Report, click here.