2022 House Prices in Hemel Hempstead
Are you moving to Hemel Hempstead? Discover what’s happening to prices in Hemel Hempstead in 2022 with The Self Storage Company.
Whether you’re moving to Hemel Hempstead or selling your property in the area, it’s important to know what you can expect for your money. Discover how house prices in Hemel Hempstead have been affected during the mini-boom of 2021 and if now is a good time to buy in our guide to house prices in Hemel Hempstead 2022.
What’s happening to house prices in Hemel Hempstead?
After the soaring house prices of 2021 and plenty of competition between buyers, it now seems the market may be settling as we continue through 2022. The main reason for an increase in the property market last year was the UK Government’s temporary cut to stamp duty tax which meant some home-buyers saved up to £15,000.
However, the number of property sales each month is now similar to pre-pandemic levels.
House Prices in Hemel Hempstead, 2022
Part of the Greater London Urban Area, Hemel Hempstead offers a great work/life balance with easy commuting, plenty of things to do and see, and business opportunities.
According to Rightmove, over the last year, properties in Hemel Hempstead had an overall average price of £416,646. The majority of property sales in Hemel Hempstead were terraced houses selling for an average price of £377,989. Semi-detached properties in Hemel Hempstead sell for an average price of £468,024, and apartments fetching around £246,302.
Sold prices in Hemel Hempstead over the last year highlight a 4% increase on the previous year.
What’s happening to the UK Property Market?
After the mini-boom of 2021, the UK property market has experienced a discrepancy between supply and demand with many potential buyers finding their house search a challenge. According to Savills Estate Agents, 80% of properties are sold for the asking price or above.
However, property experts do predict that house price growth may slow down in 2022. Savills forecasts overall property price rises of 3.5% this year, decreasing to 3% in 2023.
Should I move to Hemel Hempstead?
Are you planning to move to Hemel Hempstead? Whether you’re moving with your family or buying your first home, it may be the perfect move for you! Take a look at our 5 things to know about Hemel Hempstead to discover more about the Hertfordshire town.
Hemel Hempstead is located on the London commuter belt making it a perfect place to live for commuting professionals as well as families. There’s plenty to see and do in the area, from exploring Gadebridge Park to hitting the slopes at The Snow Centre.
Move Home with The Self Storage Company
Moving home has never been easier with The Self Storage Company! Our modern and conveniently-located Hemel Hempstead self-storage facility offers secure home storage solutions ideal for storing furniture, household goods, and personal possessions while you move.
The Self Storage Company in Hemel Hempstead offers home storage units, ranging in size from 10sqft to 275sqft, to keep your stored items clean, dry and secure. Site-wide CCTV, intruder alarms and smoke detectors mean our Hemel Hempstead self-storage customers can store their home storage worry-free.
Discover how The Self Storage Company can help you move home to Hemel Hempstead today by calling our friendly self-storage experts on 01442 508 500 or booking a home storage unit online.
Find us at 2 Park Lane, Hemel Hempstead, Hertfordshire, HP2 4YJ.