The UK property market has undoubtedly seen a tumultuous period since the end of 2022.

Fluctuating statistics, record-breaking demand, falling supply, and concerning economic projection shave left many scratching their heads and wondering:

‘Is UK property investment in 2023 a good idea?’

The following guide presents a summary of the property market in 2022, as well as a look towards what the future may hold for the rest of the year and beyond.#

What happened to the UK Property Market in 2022?

January

• Property prices, on average, increased by almost 10% from 2021.
• Property experts Savills reported that demand for housing was up 49% in mid-January compared to 2018-21.

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