Property prices falling faster in St Albans than anywhere else in Hertfordshire
- Credit: Archant
St Albans property prices have fallen by 3.7 per cent over the last year – the biggest drop of any local authority area in Herts.
It’s the opposite story in Stevenage, according to the latest UK House Price Index, with an increase in prices between November 2017 and November 2018 of 3.3 per cent.
The average property price in St Albans is now £508,663 compared to £295,337 in Stevenage, making these the most and least affordable parts of Herts.
The average UK property price currently stands at £230,630.
Flats were the type of property most affected across Herts, with St Albans again experiencing the biggest fall in prices (5.9 per cent) while Stevenage showed the biggest increase at a slim 0.9 per cent.
You may also want to watch:
It’s a more positive picture for detached houses, with highs of 4.4 per cent growth in Stevenage and lows of -2.9 per cent in St Albans.
- 1 Punch Taverns calls time on White Lion pub team
- 2 Major redevelopment underway at listed former offices in St Albans
- 3 April 12: Your guide to what can open from Monday when COVID lockdown rules ease
- 4 Drug users at Telford Court flats face tough police action
- 5 Police hunt man suspected of breaking into Cathedral collection boxes
- 6 What are the district's best pub gardens to visit from April 12?
- 7 Quarter of tenants become owners at St Albans development
- 8 The latest court results for the St Albans area
- 9 St Albans GP publishes guide to living
- 10 Call from St Albans Museum for start of Ramadan