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News & Legislation June 24, 2021
     

Regional Property Market Update Summer 2021: Hertfordshire, Bedfordshire and Cambridgeshire

2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratio across the East of England is at a record high (RICS). At 3.7%, the annual rate of housing stock turnover across Hertfordshire, Bedfordshire and Cambridgeshire is above the UK average. The most active markets are currently Central Bedfordshire, Bedford and East Hertfordshire.

 

Hertfordshire, Bedfordshire and Cambridgeshire annual rate of price change regional property market report map

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across the South East is substantially stronger than the 1.9% recorded this time a year ago (UKHPI). Annual price growth currently exceeds 8% in Hertsmere, Bedford and South Cambridgeshire.

 

Hertfordshire Cambridgeshire and Bedfordshire annual rate of price change regional property market report statistics

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the Hertfordshire, Bedfordshire and Cambridgeshire region is 47 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

VIEW THE FULL HERTFORDSHIRE CAMBRIDGESHIRE AND BEDFORDSHIRE REGIONAL REPORT

 

Properties for sale in the Hertfordshire, Bedfordshire and Cambridgeshire region of the UK

Great Barford, Bedford, 4 bedrooms

Dating back to the 1600s and having been fully renovated by the current owner, this stunning Grade II Listed family home offers excellent living space and good bedroom sizes with period charm and features in every room. The property occupies a plot of around a third of an acre and is shielded from the road by mature trees and a walled garden. This generous space is very private and offers ample off-road parking, four large garages and an open barn.

St. Albans, Hertfordshire, 5 bedrooms

This impressive 1920s bay-fronted family home provides spacious accommodation arranged over two floors. On the ground floor, there is a flexible layout that could be used in a variety of ways to suit various needs. On the first floor, there are five double bedrooms, two with en-suite shower rooms and two additional bathrooms. The garden of this home is a magnificent feature, lovingly maintained by the current owners. 

Stevenage, Hertfordshire, 4 bedrooms

This fantastic, detached property is located in a tranquil area and offers a generous kitchen, separate dining room, four bedrooms, a family bathroom and an en-suite shower room. Other features include a log burner, garage and large conservatory. Outside, the secluded, west-facing rear garden is mainly laid to lawn with a patio area.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.

 

 

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