What will the residential property market look like in 2022? Here are 9 trends

Expect much of the same situation in the residential property market in 2022, according to property economist Erwin Rode.

He says it is reasonable to expect that interest rates will gradually increase in 2022 and that will negatively impact the affordability of buying or owning residential property.

"Add to this the uncertainty about the macro-economic environment, more specifically the modest growth in GDP next year from a low base, and it becomes reasonable to expect house price growth will keep on decelerating in nominal terms - and even go into negative territory. In real terms (therefore taking inflation into account) house price growth is already in negative territory," says Rode.