Property Market News

Leicester Homeowners to be Made Homeless?

The number of properties for sale in Leicester has fallen by 31% since this time two years ago (October 2019). One of the reasons is that many Leicester buyers feel overwhelmed and fearful they will be made homeless if they sell their home and can’t buy another. So, I have decided to look again at...

Wages rising by 8.3% pa – how will this affect the Leicester property market?

As they struggle to meet demand, Argos have had to increase the wages of their HGV drivers from £11.41 an hour to £15 an hour - a rise of 31.2% meaning their pay goes from £27k to £35k. Care home providers are offering signing-on bonuses of many thousands of pounds to entice nursing staff away...

Leicester Buy-to-Let Market on the Rise as Returns Rise by 52.7% in 5 Years

Leicester landlords are becoming progressively more self-assured about expanding their rental portfolios; as Leicester rents rise, mortgage interest rates fall and demand for decent Leicester rental properties outstrips supply. A number of reports nationally would suggest around a third of UK ‘portfolio’ landlords (i.e. landlords with more than one rental property) are actively looking to...

Why Are More Leicester OAP Homeowners Deciding Not to Move Home?

A recent report by Legal & General stated that since the pandemic, many older homeowners had put their plans to move home 'on ice'. It said that fewer OAP homeowners are planning to downsize from their large family homes after the pandemic made them realise the actual value of their local community and space. Historically,...

Leicester Homes Asking Prices Up 2%

With Rightmove announcing a national drop of 0.3% in average asking prices in August, some are asking if the steam has been let out of the property market. Yet with the gains we have seen in the last 12 months, is this just a minor bump in the road? Alarm bells normally ring when new...

Leicester Homeowners Have Turned to the Rental Market to Cash In By £4,000 Each

Should you sell or should you buy in this most interesting Leicester property market? I have calculated that at least 446 Leicester house sellers have rented a home to break their house chain in the last 12 months, although at a cost as they face paying many thousands of pounds in rent. There are a...

How Many Days Does It Take to Sell a Leicester Home?

Whether you are a Leicester homeowner, first-time buyer or landlord; the last 15 months has been a roller coaster ride when it comes to the Leicester property market. With 213,120 UK house buyers and 58,580 UK tenants moving home in June, the summer has been manic for many people. Meaning some Leicester homeowners are asking...

Why Savvy Leicester Buy-to-Let Landlords Don’t Use 10-Year Mortgages – And the reason you shouldn’t either

I know of many Leicester buy-to-let landlords who fell into property investing by accident. Many didn’t want to sell their family home when the Leicester housing market crashed in the Credit Crunch of 2009/10, yet still needed to move (often for work). They thought they would keep their Leicester family home in case they ever...

Leicester’s Love (and Hate) Affair with the Semi-Detached House

The Semi-Detached House – the icon of middle-class aspiration, the pinnacle of liberalism yet at the same time compromised individuality, the ‘semi’ as it is colloquially termed is, for many Leicester homeowners, the highpoint of modern domestic bliss.   Britain’s gift to architecture is the humble ‘Semi-Detached House’. This type of property has been exported...

Only 1 in 20 Leicester Properties are Bungalows, Despite an Ageing Population – Why?

The bungalow is a building that has represented a more leisurely, gentler way of life since the early 1900’s. Bungalows have been sold as an aspiration for those about to retire, saving them the annoyance of having to climb stairs. With an ageing population, one would think they would be building more bungalows, yet nothing...

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