The Shifting Hitchin Property Market

Posted 18th August 2022 at 10:49

• The Hitchin property market is on the verge of a ‘tipping point’. • The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Hitchin in the coming 12 to 18 months. • Yet, rising interest rates and the cost-of-living issues won't knock everybody out of the property market and there shouldn't be a housing bubble for two vital reasons. The Hitchin property market is on the...

27.9% of Hitchin Property Sellers Reduce Their Asking Prices as the Property Market Starts to Return to Equilibrium

Posted 18th August 2022 at 10:59

• 115 of the 411 properties on the market in the Hitchin area have had a price reduction in the last 3 months. • The average reduction has been 6.8% of the original asking price. • This is great news for Hitchin home buyers and Hitchin buy-to-let landlords, strangely Hitchin house sellers as well. The last couple of years of the Hitchin property market has seen some amazing prices being achieved with multiple offers and many properties selling for way over...

73.5% of Hitchin Properties Were Bought With a Mortgage in the Last Ten Years

Posted 18th August 2022 at 11:08

Could the high levels of mortgages that Hitchin people take out cause another property crash? Many Hitchin homeowners and landlords have been contacting me recently and asking what will happen to the Hitchin (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash? High mortgage payments were one of the critical catalysts to Hitchin house prices dropping by between 16% and 19% (depending on the type of property)...