Nearly 12 babies have been born for every new home that has been built in North Hertfordshire since 2012, deepening the Hitchin housing shortage. This discovery is an important foundation for my concerns about the future of the Hitchin property market - when you consider the battle that todays twenty and thirty somethings face in order to buy their first home and get on the Hitchin property ladder. This is particularly ironic as these Hitchin youngsters’...
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The simple fact is we are not building enough properties. If the supply of new properties is limited and demand continues to soar with heightened divorce rates, i.e. one household becoming two, people living longer and continued immigration, this means the values of those existing properties continues to remain high and out of reach for a lot of people, especially the blue collar working families of Hitchin. Looking at some recent statistics released by the Government,...
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In my blog about the Hitchin Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ (or council housing as some people call it). In previous articles, I have spoken at length about the crisis in supply...
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