Leicester October ’24 Property Market: A Comprehensive Overview for Buyers and Sellers
Are you a homeowner in Leicester? Perhaps you’re planning to move/sell/buy within the next six to twelve months, or maybe you’re on the lookout for your next dream home and have no timescales. Whether you’re buying or selling, having a clear understanding of the current state of the property market in Leicester is vital to […]
The Hard Truth About Leicester’s Young: Where Do They Live and What Does the Future Hold?
It’s no secret that the younger generation in Leicester is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it’s no surprise that fewer under-34s are becoming homeowners. But just how grim is the picture? And is there hope on the horizon for […]
1 in 9.1 Leicester Home Sellers Lower Their Asking Price Every Month
As the property landscape in Leicester continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers. With an increasing number of properties on the market in the Leicester area, rising from 3,319 […]
House Affordability Across the UK
The housing affordability data across the UK provides an insightful snapshot of how long it would take to buy a home in different regions based on average salaries: These figures paint a picture of housing affordability across the country, providing a valuable context for Leicester homeowners and potential buyers. It’s clear that property prices differ […]
9.1 million homes have come onto the UK property market since January 2019
Since the 1st of January 2019, 9.1 million homes have come onto the UK property market. I wanted to look at the breakdown of the distribution of property types within that figure. Most of these homes, 66% of these were houses. Flats made up around 20%, and bungalows accounted for 8%, reflecting the diverse nature […]
The Resurgence of the Leicester Terraced House: Or Has it Ever Been Out of Fashion?
The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder—did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red-brick Britain, is now being rediscovered by modern Leicester buyers looking for more than just a place to live. They […]
A Tale of Two Leicester Property Marketsand the Need for Realistic Pricing
The Leicester property market has undergone significant changes over the past few years, as depicted in the two graphs provided. These visualisations capture the trends in the number of properties available for sale and the number of properties sold subject to contract (SSTC) from January 2019 to July 2024. By analysing these graphs, we can […]
London: Europe’s Most Expensive City to Rent!
London has officially topped the charts as the most expensive city in Europe to rent a home, with an average price of £39 per square metre per month. But the costs can skyrocket even higher if you’re looking to live in central West London, where rents can reach a staggering £59 per square metre per month! For […]
People Per Square Kilometre in Leicester, Oadby & Wigston
As someone who lives and works in Leicester, I completely understand the concerns some people have about feeling like we’re packed in. At times, especially during the rush hours, it can feel a bit tight, but when we look at the data, the picture is quite different. The map above shows population density across Leicester, […]
Renters’ Rights Act Update: What Leicester Landlords Need to Know
On Wednesday, Parliament had the first reading of the Renters’ Reform Act, and I want to take a moment to reassure landlords that there’s really nothing groundbreaking in these proposals that should catch you off guard. In fact, most of the changes were part of the Conservative Party’s agenda before they lost power in July. […]
