You may have seen headlines about the UK’s “housing crisis.” Nationally, we’re short of around 6.5 million homes compared to the average across Europe. But what does that mean here in North London and Hertfordshire – particularly in towns like Hoddesdon?
In short: demand is high, supply is tight, and that’s shaping the local market in some very real ways.
What the Shortfall Means for Hoddesdon
- Hoddesdon is popular with commuters. With fast links into London Liverpool Street, families and professionals are drawn to the town for better space and schools, while still staying connected to the capital.
- Supply hasn’t kept up. New homes are being built, but nowhere near fast enough to match the level of demand in Hertfordshire towns.
- Prices are resilient. Even when the wider economy looks uncertain, properties in and around Hoddesdon tend to hold their value because buyers are competing for limited options.
What Buyers Can Do
- Widen your search. Areas just outside Hoddesdon – like Broxbourne, Ware, or Cheshunt – may offer more choice and slightly better value while still keeping you close to transport links.
- Be mortgage-ready. Having an agreement in principle gives you an edge when multiple buyers are interested in the same home.
- Move quickly when you find the right place. Good homes in Hoddesdon, especially family houses near sought-after schools, don’t stay on the market for long.
- Look at potential. Properties needing light updates may attract less competition and could be an affordable way to secure a home in the area.
What Sellers Can Do
- Expect strong interest. Homes in Hoddesdon – especially three-bed family houses and well-presented flats – are still attracting a steady flow of buyers.
- Presentation makes the difference. With demand high, a well-staged home with professional photos can encourage competing offers.
- Price realistically. Buyers are savvy and can spot an over-priced property. Setting the right asking price often leads to a faster sale and stronger final offers.
Final Thoughts
The national housing shortfall is being felt here in Hoddesdon and across Hertfordshire, where demand continues to outstrip supply. For buyers, that means being prepared, flexible, and ready to act fast. For sellers, it’s a reminder that the market remains strong for well-presented homes – and now could be the right time to make a move.