Leicester Property Blog Leicester Property Market Blog by Luke St Clair

35% drop in the number of properties for sale in Leicester in the last 12 months.

1,532 Leicester homes have sold (stc) in the last three months alone, taking the time from the ‘for sale board’ going up to sale agreed to a median of 30 days.

The £200k to £300k price range in Leicester is the most active, where it only takes 26 days to sale agreed, but under £100k is taking 50 days.

Yet, what issues cause the people of Leicester to want to move home and what can Leicester people, who want to move in 2022, do to ensure they sell and find the home of their dreams?

There are 1,299 properties for sale today in Leicester; roll the clock back exactly a year, and the figure was 1,995 – there’s been a drop of 35%. This drop is being dubbed ‘for sale board crunch’.

The energy bills of every Leicester resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity.

So, what can Leicester residents do to reduce their energy consumption and ultimately save money?

First, let's look at the scale of the costs...

Property values in Leicester are set at 5.9% higher today
compared to a year ago. We look at the year and what has happened to Leicester house values...

With the banks reducing the number of low deposit mortgages (i.e. a deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Leicester first-time buyers has been decreasing quickly, meaning many of those would-be Leicester buyers wanting to make the first step on the Leicester property ladder will stay in the Leicester rental sector.

First-time landlords often make the rookie mistake of underestimating the amount of paperwork involved in letting a property.

Many assume that once the ink dries on a tenancy agreement, they’ve got the paperwork sorted – but nothing could be further from the truth...

We look at the pros and cons of letting a property to a tenant with a pet.

Should tenants be allowed to keep pets in rental properties? It’s a thorny subject that is back in the spotlight after an MP called for landlords to be more flexible on the issue...