Property Market News

Leicester Home Moves Hit Record High in June

as 205.9% more people sell in June compared to the Leicester area 10-year average June 2021 was the busiest month ever for UK estate agents, home removal companies and conveyancers since monthly records began, as HMRC logged 213,120 residential transactions in June, a jump of more than 216% nationally on the same month last year...

Leicester Homeowners Profit By £58,940 in Last 5 Years

… yet Bitcoin investors would have made £10,062,050 in profit. Is investing in ‘Bricks & Mortar’ dead? Investing in property has historically been a sound investment, yet alternative investments (like Cryptocurrency) have been gaining traction over the last five years. So, should we all ditch buying our own home and buy Bitcoin? Cryptocurrency with such...

Is Leicester Heading Towards a House Price Crash?

Leicester house prices rose by 0.1% last month, according to the Land Registry. This means the annual rate of house price growth in Leicester has increased to 12.0%. Looking at the national figures, many people were concerned the UK property market was overheating as spring saw annual growth of 9.9%, the highest rate of house price growth documented...

Leicester Buy-to-Let Landlords Owed £6,646,716 in Unpaid Rent. – Rogues or Saviours?

There is no getting away from the fact that the rise in the number of buy-to-let properties in Leicester has been nothing short of astonishing over the last twenty years. As a result, many in the press have said Britain is a broken nation, with many twenty and thirty-somethings unable to buy their first home....

How Eco-friendly are Leicester Homes?

And how new Gov’t rules will mean draughty low-eco Leicester homes will drop in value  ‘It’s Not Easy Being Green’, was the song that Kermit sang on Sesame Street. Yet now being green is a normal way of life for most of us. Walking or cycling places instead of taking the car, recycling and even...

Your Great-Great Leicester Grandfather Would Have Only Paid £295 17s 7d for his Leicester Home in 1871

Would it surprise you even more when I said the ratio of house prices to wages are still lower today when compared to 1871?  Yes you read that correctly, as a proportion of average wages British house prices are 17.6% proportionally cheaper today than they were in 1871. I wish to talk about the last...

24.4% of Leicester Landlords Could Be Fined £5,000 Each with New Energy Regulations

… whilst possible new mortgage rules for Leicester homeowners would make it harder to sell their draughty old properties As the UK has committed to a legally binding target to be carbon neutral by 2050, one of the biggest producers of greenhouse gasses are residential properties. To hit that target, every UK property will need...

Will the Leicester Property Market Continue to Boom?

All the signs are that the Leicester housing market is sat on good foundations, yet one key hazard could still scupper the market. ‘UK Property Prices Rising at Record Levels’ is the headline of many newspapers. In the last few weeks, the Halifax reported they had grown by 6.5% in the last 12 months, whilst...

An Eight-Point Insurance Checklist for Leicester Landlords

If you’re a landlord looking to take out insurance or renew a current policy, there are a few things you should know. The insurance market is “hardening”, or in other words, insurers are tightening their belts. The rising costs of claims due to extreme weather events such as last year’s Storm Dennis and low interest...

Leicester Buy-to-Let Property Market Going into Crisis? – as Leicester first-time buyers now only need a 5% deposit for a mortgage

Leicester landlords, sell your property portfolios, your tenants will soon be leaving in droves as they buy their first home with the new 5% deposit mortgages backed by the Government’s new mortgage-guarantee scheme revealed in March’s budget! These 95% mortgages are to be supported by the Treasury, lessening losses for mortgage lenders should the borrower...

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