Looking at the newspapers between Christmas and New Year, it seemed that this year’s sport in the column inches was to predict the future of the British housing market. So to go along with that these are my thoughts on the Baldock property market. With the average 5-year fixed rate mortgage at 1.98% (down from 3.47% in 2014) and 2-year fixed rate at 1.47% (down from 2.37% in 2014), mortgage interest rates offered by lenders are at an all-time low (even with the slight increase on the Bank of England base rate a few months ago). Added to this, there has been a low unemployment rate of 3.7% in Baldock, which has contributed to maintain a decent level demand for property in Baldock in 2017 (interestingly – an impressive 392 Baldock properties were sold in last 12 months), whilst finally, the number of properties for sale in the town has remained limited, thus providing support for Baldock house prices, meaning
read more With Baldock Annual Property Values 4.7% Higher, This is My 2018 Forecast