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Bringing you the latest trends
in the UK’s housing market
with a detailed focus on our
local market.
Rental market
At 3.6% UK rental price growth in the year to
September is at its strongest since records began in
2016. Rental prices continues to rise across much of
the UK, the ONS index based on both tenancy
renewals and new tenancies.
Demand is set to outpace supply in the rental market
for the foreseeable future as mortgage pressures
impact the number of renters able to move into the
owner occupation.
Economy
The Autumn statement will be made on Thursday
17th November. The Chancellor, Jeremey Hunt, has
already indicated there will be spending cuts and tax
rises as the government seeks to fill the so-called
financial 'black hole'.
At 5.7% wage growth in the year to September was at
its strongest since 2000 (excluding post pandemic
furlough), however when adjusted for rising prices
wages fell by 2.7% (ONS). Unemployment remains
low but is expected to rise.
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I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country
