Change in house prices in Hertfordshire – the ups and downs

Change in house prices in Hertfordshire – the ups and downs

House prices have boomed astronomically in recent years in Hertfordshire.

The factors of people working from home as well as the stamp duty holiday in 2021 have contributed to inflated house prices.

The chancellor of the exchequer brought in the stamp duty holiday in July 2020, meaning home buyers did not have to pay stamp duty on the first £500,000 of a purchase price.

Some areas in Hertfordshire have dramatically increased, whilst some have actually reduced significantly as the below chart shows.

Potters Bar ▲ 9.11 per cent (£55,765)

Broxbourne ▲ 7.36 per cent (£33,965)

Berkhamsted ▲ 2.41 per cent (£18,185)

Welwyn ▲ 4.27 per cent (£34,706)

Hertford ▲ 3.15 per cent (£16,239)

Bishop’s Stortford ▲ 3.06 per cent (£14,952)

Stevenage ▲ 2.34 per cent (£7,595)

Kings Langley ▲ 2.14 per (£13,723)

Much Hadham ▲ 1.32% (£11,397)

Ware ▲ 1.07% (£5,298)

Baldock ▲ 0.92% ( £3,665)

Buntingford ▲ 0.83% (£4,514)

Hatfield ▲ 0.74% (£3,423)

Abbots Langley ▲ 0.53% (£2,579)

Watford ▲ 0.48% (£2,076)

Radlett ▲ 0.47% (£4,699)

Sawbridgeworth ▲ 0.29% (£1,359)

Areas where value has decreased (last twelve months)

Full list, from left to right reads: Area, value chance percentage; value change.

Welwyn Garden City ▼ -4.98% (-£21,799)

Royston ▼ -4.79% (-£22,807)

Rickmansworth ▼ -3.70% (-£27,246)

Harpenden ▼ -3.64% (-£33,555)

Hoddesdon▼ -2.99% (-£11,689)

Letchworth Garden City ▼ -2.93% (-£11,837)

Bushey ▼ -1.20% (-£6,963)

Borehamwood ▼ -0.72% (-£3,500)

St. Albans ▼ -0.67% ( -£4,118)

Tring ▼ -0.65% (-£3,790)

Waltham Cross ▼ -0.43% ( -£1,835)

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