THE average profit a house seller will pocket in 2022 is predicted to smash through the £100,000 barrier this year.

Official data revealed those selling up last year received £95,360 more than they’d originally paid for their home.

Now the National Association Of Property Buyers say this is set to rise again and hit six-figures in 2022.

Jonathan Rolande, from the NAPB, said: “This year promises to be a record-breaking one in many parts for the property market.

And one area where I believe home-owners will be sitting prettiest is when it comes to the profits they will make for selling on. In fact, I believe 2022 is the year it will smash through £100,000. This upward shift may only be a few thousand pounds more on the average recorded last year but the significance of this moment is jaw dropping.

The idea that the average person will walk away with £100,00 as they make their next property move didn’t seem possible 10 years ago.

But the pandemic has accelerated everything.

We’ve seen growth for nearly ten years but the past 22 months has really seen the speed accelerate and estate agents are already reporting a busy start to this year – with prices set to increase even further.

The boom has been aided by the fact interest rates are still very low and low-deposit mortgages are becoming more readily available.

Combine this with the gradual unlocking of the economy as the Omicron risk subsides, and the traditional Spring bounce, and it creates perfect market conditions.

Mr Rolande says he expects the current house price boom is set to last “for months”, according to one of the country’s leading property experts.

Figures out last week delivered a shot in the arm for homeowners with prices at their healthiest start to a year since 2005.

Average selling prices rose by 0.8 per cent in January and it means they are 11.2 per cent above where they stood a year earlier, according to data from Nationwide’s house price index.

Mr Rolande added: “I see little change before the Summer. Until then we can expect to see prices continue to grow. We are in a golden period for house prices and this will stay in place for many months.

“Everyone is asking how much longer and although this is very hard to predict it is important to note that the boom has survived Brexit and Covid. I suspect the general squeeze will slow the market towards the end of 2022 as the pain of increased costs everywhere is felt in full. It may begin with tenants unable to pay the current high rents. That will worry investors who may begin to sell their stock, adding more property to the market when demand is waning. This could begin the suppression of price increases but we have many months until we arrive at that point.

“One of the key reasons for this is plentiful mortgage deals and a slight easing of lending criteria. And rates will still be cheap even if they do go up a little tomorrow. One rate available this week is just 0.85% fixed for two years. People in general will borrow as much as someone will lend them.

“The rise is also linked to the continued shortage of homes. Some sellers, especially landlords, are holding property waiting for prices to increase. Also low savings rates mean property yields still look good.

“The race for space still continues with many now resigned to WFH long term so access to train links and offices are now less important, which is allowing people to be more mobile.”

The average UK house price now stands at £255,556, up from £254,822 in December.