The headlines … • Hitchin rents up by 4.6% in the last 12 months • Hitchin house prices up 5.9% in the last 12 months • Hitchin landlords helped by ultra-low mortgage rates and a stamp duty holiday • Yet, some landlords in Hitchin anxious about a possible end to no fault evictions • New EPC rules could cost Hitchin landlords £10,000+ per property In this article, I will look at what happened in 2021 in the Hitchin buy-to-let property market and give you my opinion...
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• The average house price in Hitchin has increased by 202.5% to £460,900 in the last 20 years, a profit of £308,520 • That means, when adjusted for inflation in those two decades, Hitchin house prices have risen in real terms by 130.4% • What does this mean for existing Hitchin homeowners and first-time buyers trying to get on the Hitchin property ladder? Since 2001, UK average house prices have risen by an astonishing 187.2% across the UK, while in London...
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• Will Hitchin OAP homeowners be forced to sell their home as their gas & electric bills are set to double in 2022? • What can the 4,163 Hitchin OAP homeowners do to mitigate this? • What are their options if they do need to sell? And what will that mean for the Hitchin property market as a whole? The wholesale gas price has tripled in 2021. Even if you aren’t on gas at home, half the UK’s electricity comes from...
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