The Average House Prices in Leicester On The Rise For 2016
A new report released by analysts Hometrack show price movements in 20 cities across the UK. The report singled out House prices in Leicester as one of 11 Cities that are showing signs of pushing up its property house prices in the last 6 months.
House prices in Leicester are said to be getting back to their pre recession levels, with house prices in Leicester rising by up to 7.1 % in the past 12 months.
- City – Leicester
- Avg Price – £144.100
- Peak Current – -2.1%
- Last year – 5.9%
- Last 3 months – 0.5%
- Last month – 0.5%
Local Estate agents in Leicester, Taylors have said that although there has been a peak in house prices in Leicester, homes still remain affordable. They added “The local market has improved over the past 12 months as the release of pent up demand encourages people to put property on the market.” Low interest rates and help from the Government for first time buyers has also helped to push up house prices in Leicester in 2015.
House prices throughout the UK
UK house price growth was 7.9% in the 12 months to January 2015. The underlying, 3 month annualized rate of growth is 4.6%.
City level house price inflation ranges from 4.1% in Glasgow to 16.3% in Aberdeen.
The profile of the recent recovery splits into two distinct groups – cities where the recovery has run for 5-6 years and others where the recovery in price has been less than 2 years.
With House prices in Leicester showing positive signs of growth for 2016 it looks as though it may be a busy time for home owners, buyers and sellers throughout Leicester and the East Midlands.
If you are moving home in Leicester