Publication

Spotlight: Hertfordshire Residential Development – 2017

Hertfordshire has not seen enough housing development to meet need in recent years

■ Strong house price growth: House prices have grown by 11.7% in the past year, and sit 48.9% above the 2008 peak. The strongest performing areas in the last year have been North Hertfordshire and Stevenage.

■ Stretched Affordability: Strong house price growth, combined with high housing demand and a delivery shortfall has resulted in some of the highest housing affordability pressure in the country.

■ Planning Policy: Many local authorities in the county are in the process of developing new local plans. This provides an opportunity to strategically address the land supply challenges facing the area. Co-operation between local authorities will be essential.

■ Housing Supply: Hertfordshire has not seen enough housing development to meet need in recent years. There is a pipeline of over 23,000 new homes, but more sites need to be identified. This situation is complicated by the large amount of land designated as Green Belt.

■ New Opportunities: Infrastructure improvements are likely to open up new areas for housing development. The largest opportunities could be unlocked through Crossrail 2 in the east of the county and upgrades to the A1(M).

Articles within this publication

4 article(s) in this publication