Your Housing Market - City Slickers and City Slackers!
Posted on 7th March 2018 at 09:00
Prices in urban areas across the UK are rising.....That's a bit of a sweeping statement but Northern powerhouse cities such as Liverpool and Manchester are on the increase, as is our mighty Leicester! Alongside Birmingham, those three cities are seeing average increases in excess of 6%. That's still someway behind Edinburgh which is currently tracking at growth of 7.7% on an annual basis, and has always been the jewel in the crown for the Scottish housing market.
Now, compare that to what is going on in London, along with Cambridge, Oxford and Southampton, and house prices in those cities are actually falling in real terms. That said, since the financial crash in 2008/2009 London prices are still up 86%, and a lot of other cities in the South have risen by more than 60%.
In Leicester, our 10-year growth is tracking roughly at 30%, still very strong for this area and well above what is happening in neighbouring cities such as Derby and Nottingham.
We don't see any signs of the market slowing down and the demand for first-time buyer and investment property is still very high, with many out of town buyers still seeing Leicester as an excellent place to come and live or to purchase investment property.
The easiest way to keep up to date with all the local property prices in Leicester is through our Facebook Page. We will keep you up to date with the current pricing situation and give handy hints and tips on what you can do to increase the value of your home.
Visit our Facebook Page, "Like" the page and that's it!
Tagged as: The Property Market
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