Surrey Property Trends: What to Expect in 2022

As we look ahead to the trends that are likely to shape the Surrey property market in 2022, there are several key factors to consider. From changing buyer preferences to economic indicators, here's what you can expect in the coming year.

One trend that is expected to continue in 2022 is the rise of remote work. With more people opting to work from home at least part of the time, there is a growing demand for properties with home office spaces and good internet connectivity. This shift is likely to impact the types of properties that are in high demand, with larger homes and properties in rural areas becoming increasingly popular. Another trend to watch in 2022 is the impact of supply chain disruptions on the construction industry. Delays in the delivery of materials and labor shortages have already caused delays in many projects, leading to higher construction costs and longer wait times for new properties. As these challenges persist, we may see a slowdown in new construction projects and a shift towards renovation and remodeling instead. One area of the market that is expected to remain strong in 2022 is the rental market. With uncertainty around the economy and changing work patterns, many people are opting to rent rather than buy, leading to high demand for rental properties. Landlords may find it easier to fill vacancies and may even be able to increase rents in response to this demand. Overall, the Surrey property market in 2022 is likely to be characterized by a mix of challenges and opportunities. By staying informed about these trends and working with a knowledgeable real estate agent, buyers, sellers, and investors can navigate the market with confidence and make smart decisions for the year ahead.