As winter draws in and the economy slows, and with so much uncertainty, there has not been a great deal to cheer about. Then along came the foxes. Perhaps we will never forget our city’s wonderful football club winning the Premier League against all odds (well, actually 5,000 to 1) in the 2015-16 season.
What a breath of fresh air to see the club back up among the big spenders and punching way above their weight once again. Leicester City sit second in the table as I write. It is a bit early to be hoping again, but the feel-good factor has returned to the club.
What’s all this got to do with the housing market?
Well, a lot actually. because success in sport has a knock on effect for the local economy and the housing market. SportEngland have shown that success breeds economic success and gives a boost to the local economy.
The value of sport to local government and communities extends beyond sport for sport’s sake. There is considerable evidence of sport’s role in delivering a wide variety of benefits to communities and individuals, including economic growth.
That means an impact on the local housing market! The average value of property in Leicester has increased by over 26% in the last five years. Is this a coincidence? We think not.
You thought you were not interested in football. Then the foxes won the Premier League. We have all won in the Leicester property market with the boost our successful team gives to the local market. Come on you Foxes!
Samantha Van Nuil
Samantha has several years of experience in property sales and lettings and brings significant knowledge and expertise to Philips George. Samantha prides herself on providing our clients with excellent levels of customer service and she plays an important role in delivering these standards across our business. Our clients value Samantha’s input throughout the sales and lettings processes in ensuring they achieve the outcome they are looking for.
Image from jorono.