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Change afoot in UK housing market but no need to panic

As a result, Kamani predicted the property market would hit the ground running in 2022 with many sales completing in the early stages having been agreed in the final months of this year.

He said: "This delayed impact on property price growth will ensure that any festive period of calm is short lived and any uncertainty around the current Covid landscape is also negated, with house price growth remaining robust.

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"While the ship is certainly likely to steady in terms of the sheer volume of market activity seen in 2021, we will remain a nation of aspirational homeowners in 2022 and far beyond and the market will keep moving."

simoney.kyriakou@ft.com