The combination of the Christmas holiday and an Omicron surge has been perplexing. Here are four things to think about for the UK property market as the fog clears.
If there had been no Omicron variant, we could confidently predict that supply in the UK property market would increase in early 2022. Sellers have been agitated in recent months as the frenetic conditions of the stamp duty holiday fade away.
The arrival of Omicron does not imply that they will retire from now on, but it does suggest that prices will rise a little less. As we will see below, supply is one of four useful metrics to assess the trajectory of the UK property market this year.
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