Property Market News

Lifeline for Leicester House Buyers & Leicester First-time Buyers

In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Leicester properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only...

The No 1 Reason Behind Deposit Disputes in Leicester

We take a look at how Leicester landlords can protect themselves from getting caught up in the most common cause of end-of-tenancy disputes. When a tenancy comes to an end, one issue more than any other causes disagreements. And it’s not holes in walls or missing rent payments that take the number one spot. According to...

Leicester Pensioner Homeowners are now Worth £9,514,981,600

How wealth is distributed will always be a contentious issue, especially as the Baby Boomers (those aged between their late 50’s and late 70’s) wealth has grown exponentially over the last 20 years, compared to the wealth of the younger generation. With most UK property in the hands of the older generation, with its total...

Half of Leicester Homeowners Move Again Within 5 Years and 16 Weeks – Why?

In Britain, there are 27,071,500 households, of which 17,044,450 are owned, which are worth a total of £3,925,865,212,950 (£3.92 trillion). Over the last 5 years, an average of 86,096 properties sell each month, meaning just over a million UK households move home per year. Therefore, the average British homeowner moves every 16 years 5 months....

The Busiest December for the Leicester Housing Market Since 2006

Over the last six months, the Leicester Property Market has been flourishing. As soon as an estate agents ‘For Sale’ flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home (go on .. admit you do that too – every Leicester homeowner...

5% Drop in Leicester Homes ‘For Sale’ in Last 2 Months – What does this mean for Leicester property owners?

With most Leicester families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31st March 2021, less Leicester properties have been coming onto the Leicester property market since the new year. This has prompted a 5% drop in the supply of Leicester homes for sale compared to December 2020. For the...

What Leicester Landlords Can Learn from the Mouldy Nation Report

We look at what a new survey about mould in UK homes reveals about the tenant/landlord relationship. Let's unpack what Leicester landlords can learn from the findings of the memorably titled Mouldy Nation Report. Firstly, before you ask, yes there really is a document called the Mouldy Nation Report (we're not making it up). Uswitch, an energy...

Leicester Property Market: Is it Time to Stamp Out Stamp Duty?

Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000...

Advice for First-Time Landlords in Leicester

We share five top tips if you’re thinking about renting out your property for the first time. Deciding to become a landlord is a big step. It can be both exciting and daunting. Here at the Leicester Property Blog we’ve got some tips on what you need to think about when renting out a property so...

9,625 Leicester Homeowners to be ‘Unchained’ From Toxic Leasehold Agreements in Biggest Shake-up of Property Law in Decades

When William the Conqueror invaded our fair shores in 1066, like all good kings, he needed to buy loyalty and raise cash to build his castles and armies. He did this by feudal law system and granted all the faithful nobles and aristocrats with land. In return, the nobles and aristocrats would give the King...

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