Property Market News

Falling Leicester House Prices – The Winners & Losers

The doom and gloom of the national newspaper headlines regarding the UK property market would make you think Armageddon has arrived – this being the second most interesting topic to the Brits (the first being the weather!). So, what is happening in the British property market? As with most things in life, the devil is...

Leicester tenants face further rent hikes, as the number of available rental homes drops by 31%

The number of properties available to rent in Leicester has dropped from 3,764 to 2,579 since February 2020. The average rent a tenant has had to pay in Leicester has risen from £939 to £977 since February 2020. Many Leicester landlords have cashed in on the post-lockdown property boom of the last two years and...

How is the property market performing?

This graph shows the number of weekly house sales in the U.K. (yellow line) dropping - if this was in a newspaper it would be doom and gloom Yet with all things like this, the devil is in the detail 2020 and 2021 were exceptional years for the U.K. property market In Q4 2020, an...

‘Is Now a Good Time to Buy a Leicester Home?’

This is the question many people are asking right now, and the answer depends on your circumstances. I pride myself on my ability to provide objective, fact-based information on the Leicester property market so potential Leicester house sellers, landlords and buyers can make the best decision for themselves. My role is to educate the potential Leicester...

Leicester Property Market: Could the humble ‘granny annexe’ help solve the Leicester housing crisis for mature homeowners?

Most Leicester homeowners born before 1960 have been in their homes for more than 25 years. Yet of all the properties sold in the UK since the first lockdown in the summer of 2020, 50% of those property owners had only been in their homes for six years and four months or less. That means...

Leicester Landlords: Will Leicester buy-to-let continue to be profitable in the next few years?

Being a Leicester landlord is undoubtedly a challenge. The glory years of making money from ‘any old property’ are certainly in the past. With increased legislation and taxation from Government and the cost-of-living crisis (which will result in some Leicester tenants struggling to pay their rent), times are challenging for many landlords. Then newspapers are...

Waiting for the Leicester House Market to Crash Will Cost You £32,808

Doom and gloom in the British property market or clickbait doom-mongers? Newspapers and clickbait 24-7 news websites, desperate for clicks, are peddling a story of a doomsday time for the economy, particularly the property market, as interest rates and inflation create the perfect storm for the UK property market. So, let us look at what...

What will the stamp duty cuts & interest rate rises mean for Leicester homeowners & landlords?

Last week the Bank of England increased interest rates to 2.25% and they are expected to be 3.25% by early next year. This increase will make the monthly mortgage payments more expensive for first-time buyers, an issue dubbed by some as the 'property affordability crunch.' It will also damage the household budgets of homeowners coming...

Leicester House Prices Ought to be Falling – these are the reasons they are not.

Looking at the newspapers with their doom and gloom headlines, you would think that the Leicester property market (and the British property market) would be on its knees. Yet ring some Leicester estate agents for a viewing or free valuation, and if you can get an appointment within a week to ten days, you are...

Leicester OAPs are Getting Jobs and Downsizing Properties to Beat the Cost-of-Living Crisis

Leicester OAP retirees have to make tough choices with the onset of the cost-of-living crisis. Growing inflation, unpredictable financial markets and the high cost of living mean many former retired Leicester people are returning to work in what has been dubbed the ‘great unretirement’. Some are even bringing forward their downsizing house move. Looking at...

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