Property Market News

The property market is one of the most important economic indicators, as it can significantly impact the prosperity of both the local and national economy.  Recently, new data from the Census 2021 has become available that sheds light on seldom discussed areas of property, such as the types of properties Leicester has, together with how...

At the Leicester Property Blog, we wanted to make you aware of some important changes that are coming into effect from 6 April 2024.  The UK Government is introducing Making Tax Digital (MTD) for Income Tax, which will affect how landlords report their income tax to HMRC. Individual landlords must submit their income tax returns...

Traditionally, the first four months of the year are usually an estate agents’ busiest time for house sales. However, if the last three years have taught us anything, nothing is 'normal' and 'usual' anymore. The Leicester property market is finding that with the friction of higher mortgage rates and the effects of inflation on household...

As the British and Leicester property market navigates the ongoing economic turmoil, many Leicester homeowners and landlords may feel uncertain about the future. However, up-to-date data suggests that the 2023 property crash predicted by the many newspapers and the usual clickbait doom-mongers in the lead-up to Christmas on social media, may not be as bad...

Leicester homeowners – do you know how big your Leicester home is? What is the square footage of your Leicester home? Don’t worry, most of us don't - yet it could be fundamental as Leicester home buyers search for new homes. Us Brits are obsessed with our homes, yet most Leicester homeowners need to learn...

The share of Brits moving each year has been declining since the late 1980s (when at one stage, people moved every eight years), yet since the pandemic's beginning, something has appeared to upset that trend. Newspaper stories and social media posts painted a picture of homeowners moving from the city centres to its suburbs, from the...

Over the last five years, life has become a little trickier for Leicester landlords, with changes to their taxation status, mortgage interest relief and an additional 3% stamp duty for a buy-to-let property and has made lots of Leicester landlords ask themselves: ‘Is buy-to-let in Leicester still worth the risk?’ Regarding taxation, in 2016, the Government...

With the Bank of England raising interest rates and inflation high, what is happening in the Leicester property market?  Are properties selling in Leicester? And if so, what is selling?  What will happen to the value of your Leicester home?  Read the article to find out what is happening to the Leicester property market. As...

Leicester has bucked the national trends, with a reduction of 1,769 spare bedrooms since 2011. Meanwhile in the rest of the country, that figure is rising. Britain’s ageing population means the country’s stock of homes is being used more unproductively. The number of spare bedrooms in Leicester between 2011 and 2021 decreased slightly from 98,574 to...

In her first conference speech as the Tory's new leader in 1975, the grocer’s daughter from Grantham, Margaret Thatcher, asserted her conviction in a ‘property-owning democracy’. Although Thatcher didn't conceive the saying – (that credit belonged to Conservative MP Noel Skelton in 1923), it encapsulated what she thought Britain should be. Through prudence, saving and...