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After two years of a housing market affected by the pandemic, 2022 has seen the market settle back to pre-pandemic levels - here is one property website’s forecast for next year.

The housing market has gone through a lot in 2022, starting the year off with record breaking price increases and demand for houses spiking with properties selling faster than ever. As the year went on, however, the market calmed down and returned to levels closer to pre-pandemic levels.

But as the cost of living crisis tightened its grip on the UK, interest and mortgage rates spiked, making many people put their house buying plans on hold. As the year comes to an end, online property and real estate site Rightmove have released their forecast for the housing market in 2023.

UK housing market 2023: Rightmove forecast for property buying in the UK next year