05 Oct Positivity in the Hertfordshire housing market
In the next five years house prices in prime markets within a half hour commute of London are expected to rise by 9.3 per cent.
According to Savills research, house prices have increased by 51 per cent in Herts since the housing market peak of 2007, with a drop of just 0.1 per cent in the last 12 months.
Property prices in St Albans have risen by 53 per cent since 2007 but dropped 1.4 per cent in the last year, while those in North Herts have risen by 49 per cent since 2007 and 0.5 per cent within the last 12 months.
The average house price currently sits at £483,000 for Hertfordshire as a whole, £616,000 in St Albans and £421,000 in North Herts.
The key drivers that have traditionally brought people to the area are still incredibly important – outstanding schools, a great community spirit, connectivity to London and some truly fantastic countryside.