Connells in Hitchin are reporting continued signs of recovery in the local property market. Branch Manager Adam Mckeon Hewitt commented, “Since the Spring there has been an upturn in the housing market and we have continued to see positive signs of recovery, including an increase in the number of people putting their property on the market and an increase in sales levels, with many homes now attracting offers closer to the asking price.”
The office has also seen a large number of purchasers, including investors and first time buyers returning to the market. “With sales and applicant levels remaining at a high level, we are finding that we just don’t have enough ‘good’ properties on the market to meet demand, and because of this shortage of stock many sellers are pleasantly surprised at the prices they are achieving”, says Adam Mckeon Hewitt.
“For those looking to trade up now could also be a good time to move, as the percentage gap between the price you can sell for and the price you can buy for is likely to grow over the coming months.”