Property Market News

73.5% of Leicester Properties Were Bought With a Mortgage in the Last Ten Years

Could the high levels of mortgages that Leicester people take out cause another property crash? Many Leicester homeowners and landlords have been contacting me recently and asking what will happen to the Leicester (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash? High mortgage payments...

26.7% of Leicester Property Sellers Reduce Their Asking Prices as the Property Market Starts to Return to Equilibrium?

700 of the 2,624 properties on the market in the Leicester area have had a price reduction in the last 3 months. The average reduction has been 5.2% of the original asking price. This is great news for Leicester home buyers and Leicester buy-to-let landlords, strangely Leicester house sellers as well. The last couple of...

The Shifting Leicester Property Market

The Leicester property market is on the verge of a ‘tipping point’. The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Leicester in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues won't knock everybody out of...

What Was The Average Leicester House Price in 1952?

Well, what a weekend that was. Street parties, gatherings in the park, the purple bunting, egg and cress sandwiches, union jack flags, cheese and pineapple on cocktail sticks, and let's not forget the trifle – the Platinum Jubilee Party. And no decent party is worth its salt without a game or a quiz. So, if...

The 6 Reasons Leicester Rental Properties Could Inflation-Proof Your Savings

Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. This article looks at how investing in Leicester property could help you 'hedge' against inflation and protect your savings and...

Has the Leicester Property Market Peaked? – Should you buy now or wait for the bargains?

Many commentators believe we have seen the peak of the Leicester property market. So, should savvy bargain hunters wait for Leicester house prices to fall? Or could postponing your house buying for any anticipated Leicester house price drop be a costly mistake? Over the last two years, the Leicester property market has been a rollercoaster...

Leicester Property Market to Crash in 2022?

According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. The insider’s way to find out if there will be a property crash. ...and...

Leicester Rental Homes Nightmare

Leicester needs 1,536 additional private rented properties per year to keep up with current and future demand from Leicester tenants.  Yet over the last 5 years, Leicester has lost 2,217 private rented homes. What are the 5 reasons the supply of private rental properties in Leicester are falling? What does this mean for tenants and...

Leicester Homeownership Rockets by 7,430 Homes in the Last 5 Years

The Leicester housing market over the last five years has behaved oddly.  Leicester house prices are 33.4% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic.Yet, a less observed trend is that the net number of homeowners...

44,267 Leicester Terraced Houses – Why Are They So Popular?

The terraced house is one of the most familiar styles of home in Leicester (and the UK as a whole). 26.4% of Leicester people live in a terraced home, interesting when compared with the national average of 22.7%. So, what is it about the humble terraced/townhouse us Brits love so much? In this article, I...

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