Leicester Starter Homes 25.3% Cheaper Today Than 35 Years Ago
It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay. The average value of a typical Leicester first-time buyer property has surged by 296.9% since 1989 (35 years ago), reaching £216,900 in 2024. So, the title of this […]
Average Mortgage Rates since 2000
The graphic illustrates the average five-year fixed rate mortgage in the UK since 2000, highlighting significant fluctuations over the past two decades. Following the credit crunch, mortgage rates experienced a considerable decline, reaching historic lows in the subsequent years. However, recent economic conditions and inflationary pressures have caused a sharp rise in these rates. Despite […]
Mapping Leicester: Areas with Homes Below the National Average House Price of £281,000
Our latest heat map provides a detailed view of Leicester’s property market, illustrating the percentage of homes valued below the national average price of £281,000 in the different neighbourhoods and areas of the city and surrounding area. This visualisation not only helps prospective Leicester buyers understand where more affordable homes are located but also provides […]
Leicester Property Market – 1979 vs 2024
Roll the clock back to 1979, a year marked by a seismic shift in the UK government with Margaret Thatcher coming to power. This was a momentous time for the country, symbolising a new direction. Fast forward to 2024, and we could be about to experience another significant change with Sir Keir Starmer leading the […]
Key Points from the King’s Speech 2024 for Leicester Homeowners and Landlords
The King’s Speech at the State Opening of Parliament sets the agenda for the government’s priorities. This year’s speech, delivered by King Charles, is the first from a Labour government since 2020 following the recent general election. With 30+ bills highlighted, there are significant plans, though nothing particularly groundbreaking or seismic for Leicester homeowners or […]
% homeowners with a mortgage by age
The graphic provides a clear insight into the percentage of homeowners with mortgages across different age groups in the UK. Interestingly, the data reveals that 81% of homeowners aged 18 to 24 have mortgages, which might be lower than expected given the financial challenges typically faced by younger adults. This could be due to parental […]
Leicester Property Market Insights: How to Sell Your Home Faster in 2024
The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence. For Leicester homeowners and investors alike, understanding these trends can inform better decision-making. When properties […]
% of Leicester people that work 49hours+
As an estate agent in Leicester, I am dedicated to understanding the unique aspects of our local community. Using data from the Office for National Statistics and the 2021 Census, this heat map illustrates the percentage of working residents in different areas of Leicester who work more than 49 hours per week. This map reveals […]
8 UK Buy-to-Let Facts for Leicester Landlords
The UK buy-to-let market continues to be a significant sector within the property market. Here are eight fascinating facts: If you’re a Leicester landlord or considering becoming one, contact us for expert advice and support. We can help you maximise your investment in the buy-to-let market.
Leicester & UK Property Market Overview for Q2 2024
As an estate agent working in Leicester, I believe it’s crucial to provide a comprehensive and realistic perspective on the local and national property markets. This approach aims to dispel the misconceptions often perpetuated by the media. Despite frequent reports predicting a housing market crash since September 2022, the actual data reveals that the British […]
