Annual property price growth in the East of England is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Agents across the region report the current sales to stock ratio remains high (RICS), with properties selling in just 35 days (Rightmove).
Double-digit property price growth is evident in five areas of Hertfordshire, Bedfordshire and Cambridgeshire. Stevenage and Central Bedfordshire are currently the strongest performing areas.
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
In Hertfordshire, Bedfordshire and Cambridgeshire, the most active housing markets over the past year have been in Central Bedfordshire and East Hertfordshire.
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
This three-bedroom semi-detached chalet bungalow sits within generous gardens in a desirable village location of Great Stukeley. Offering in excess of 1,100 sq. ft. of living accommodation, this property features two reception rooms, landscaped gardens, off-road parking and garaging.
This superb, imposing four-bedroom detached home is set within a small, select development in the highly sought-after village of Silsoe. The property is bright and spacious throughout, providing a contemporary kitchen-diner with French doors to the garden, a generous living room, which opens to the formal dining room with doors to the garden, a separate study and thoughtfully landscaped gardens.
Situated within a private location, close to the village High Street, is this pretty three-bedroom, locally listed character home, which offers many original features, whilst benefitting from a recently refitted kitchen and updated bathroom. The property also offers off-street parking and a large, private garden, which is slightly offset to the rear of the house.
Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.