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John Lewis Welwyn, Partners with Ashtons

Ashtons have teamed up with John Lewis in Welwyn to offer you a FREE Home Design consultation, and 10% off when you spend £500 or over.

02 January 2024 Welwyn Garden City John Lewis
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Ashtons New Year Market Review 2024

As we enter 2024 the New Year property market has started strongly. The previous year was one of the most challenging markets we have seen since the financial crisis of 2008/9. The market faced a perfect storm of uncertainty. The cost of living crisis created by rapidly rising inflation in the first half of the year resulted in a rapid rise in the base rate of interest by the Bank of England. Economic growth through the year was sluggish at best. Thankfully the housing market began to stabilise in the last quarter of the year as the cycle of interest rate rises peaked at 5.25% in September and inflationary pressures eased to 3.9% in November. Well down on the figure of circa 9% at the beginning of the year.

30 January 2024 Hertfordshire Property Market Update

Ashtons Autumn Housing Market Review 2023

Uncertainty has reigned both nationally and locally in the property market over the summer months, fundamentally due to 14 consecutive interest rate rises which finished when the Bank of England’s Monetary Policy Committee held rates at 5.25% in September.  Stubborn inflationary pressures have continued but appear now to be easing, with inflation falling to 6.7% through August.  September’s figures are eagerly awaited but reports in early October that food inflation had fallen for the first time in 2 years do point to some light at the end of the tunnel.  Challenges do remain with petrol prices rising again and the ongoing supply issues caused by the continuing war in Ukraine.

12 October 2023 Hertfordshire Property Market Update

Ashtons Summer Housing Market Review 2023

The first half of 2023 for the property market both nationally and locally has not been without significant challenges fundamentally caused by the changing interest rate environment, persistent high inflation and the legacy of the disastrous Truss/Kwarteng budget of last Autumn. From a national perspective house prices have settled in many areas and started to come down. The latest 0.5% rise in the base rate will undoubtedly compound this. In May, the Halifax Price Index reported the first year on year house price fall in 14 years. The Halifax Report goes on to detail prices in May were broadly in line with prices in April of this year. Whilst it is hard to get a clear picture from a national perspective, at Ashtons we have a deeper understanding of the market in Hertfordshire and the surrounding areas.

28 June 2023 Hertfordshire Property Market Update

Q1 Collection Market Report

As we enter the second quarter of 2023, there is an opportunity to evaluate how the Hertfordshire property market has performed, particularly with regards to the higher end segment. The real estate market has experienced a significant slowdown at local, regional, and national levels, following a disastrous Autumn Budget, with inflation rates surging in 2022 and the Monetary Policy Committee of the Bank of England raising interest rates as a countermeasure. Despite these economic headwinds, Ashtons’ unique offering, The Collection, has reported strong interest and activity in the high-end sector, evidenced by detailed analysis of £2 million transaction volumes.

04 May 2023 Hertfordshire Market Report

Property Market Update: Is the market cooling?

As January draws to a close, we are able to get a flavour of what’s in store for the local property market this year. According to data recently released by HM Revenue and Customs, sales dipped by 3% in December 2022 when compared with November the same year. However, 101,920 homes were sold last month, a figure 1% higher than this time 2 years ago.

30 January 2023 Property Hertfordshire

Property Market Update: Average property prices throughout Hertfordshire’s towns and villages

It’s safe to say that Hertfordshire has a reputation for being one of the most expensive counties in the UK to buy a property. Combining rich history, with high-achieving schools, leafy streets and proximity to both the capital and beautiful countryside, many of the affluent towns of our home county are often ranked among the top places to live in the UK, skyrocketing both their popularity and house prices.

30 November 2021 Property Hertfordshire

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