The price of the average home has risen by £800 in the last year, according to the Nationwide, marking a slower period of growth for the UK housing market. But what does this mean for the Leicester market? We asked Clare Phillips, Partner at Phillips George what it means for the local market, and for you who are buying and selling homes in the Leicestershire area.
Buying and Selling in the Leicester area this year
The good news is that house prices have remained stable, and have increased throughout the county, despite the political and economic instability of the last three years. House prices have increased by 4.5% in the past 12 months in Leicester. These are the figures around the county:
- Leicester +4.5%
- Oadby and Wigston +2.6%
- Hinckley and Bosworth +3.8%
- North West Leicestershire +3%
- Charnwood + 2.1%
- Melton +2%
- Blaby +2%
- Harborough +4.2%
Clare Phillips said; “I think we have reason to be optimistic with every area we serve having experienced growth over the past year. Homes that are marketed with Phillips George are moving reasonably quickly and our sellers are achieving good prices for our homes.
Obviously there needs to be some caution with the current political and economic climate, but we are looking forward to a good year once the dust settles over the UK’s future. The housing market has been protected to a certain degree by high employment levels.
You can be sure of the best service from our estate agency and the best opportunity to make the most of your property.”
Clare has been in the industry since 1998. Her career started as an administrator and she has worked through each role in estate agency from negotiator, sales progressor, valuer, manager and culminating in opening Phillips George as a co-founding partner.