09/08/2024
With Hertfordshire house prices rising at the fastest rate in over 18 months, Greenhill Estates, a leading estate agent in the region, is preparing for a positive second half of 2024.
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House prices in Hertfordshire have risen for a third month this year, proving that, despite scepticism, the property market is continuously stabilising. The annual rate of house price growth has increased from 1.5% in June to an impressive 2.1% in July, the fastest rate since December 2022.
According to The Building Society, the average UK house price in July was £266,334, a 0.3% increase on the previous month. As property prices continue to surge, so too does the rise in the
number of new listings hitting the market. Comparably to this time last year, the average estate agent has 16% more homes for sale, the highest at any point over the last six years. Throughout this exciting period of growth, Greenhill Estates is devoted to supporting all new buyers and sellers with their personalised service and expert guidance.
Founder of Greenhill Estates, Hannah Green, expressed her opinion on the growing market, ‘It is good to see positivity in the Herftfordshire housing market. An increase in people selling their homes demonstrates buyer and seller confidence in the market. As the leading estate agent in Hertfordshire, we are confident we can support all customers throughout this growth and help people find the homes they’ve always wanted.’
About Greenhill Estates
Nestled in the heart of Hertford, a place hailed as one of the best areas to reside in the UK, Greenhill Estates is your gateway to an expansive property network spanning across Hertfordshire and North London. Their comprehensive range of property services includes Residential Sales, Lettings, Land and New Homes, ensuring all your property needs are met under one roof. As Hertfordshire house prices continue to rise, Greenhill Estates remains dedicated to facilitating seamless transactions and providing expert assistance in the dynamic property market.
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