• 1,028 homes in the North Hertfordshire area are empty, which represents 1 in 56 homes. • 400 of those have been empty for more than six months and are worth £317million. • Why are those properties standing empty and deteriorating and why could that become an issue for the whole of Hitchin? A couple of weeks ago was National Empty Homes Week, so I thought I would find out how many homes are empty in the Hitchin area – the...
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The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primally come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain disruptions. Most economists weren't too concerned about this increase in the inflation rate as the very same thing happened in the early 1990s following the Credit Crunch with a similar rise in...
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• The average time to find a buyer for a Hitchin property reduced from 60 days in 2020 to 50 days in 2021. • Yet still, just under 1 in 3 Hitchin homeowners are on the market after 12 weeks. • Why are so many Hitchin homes still on the market after all that time, and what does it mean for the Hitchin property market? You would have needed to have been living in a cave since the end of Lockdown...
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