Healthy property market shows big increase in agreed sales

The housing market in Leicester has been nothing to sneeze about over the last 18 months as house prices have been buoyant, making our county one of the top performing markets in England (only Nottingham has performed better).

In fact, experts are reporting a very positive environment for house sellers, with asking prices booming over the last few months. RightMove (one of the places your home will be listed if you sell with Phillips George) is reporting a record 152 million site visits in January, while agreed sales increased by 12% in the month.

Has coronavirus affected the housing market?

However just when Brexit uncertainty has been downgraded, we are faced with yet another challenge. The coronavirus has hit the world economy, but we need to keep things in perspective. Viruses come and go, and this one will too. The governor of the Bank of England says will not lead to long term financial instability like the 2008 crash. The virus has already been isolated and identified by our clever scientists.

What does that mean for us? The housing market is not showing signs of slowing down, and Phillips George remains confident for this year. The stock market correction last week was bad news for the wealthy stock market investors (perhaps against a background of an over-inflated market) but will have less impact on the general public in our finances and daily lives

Please call us on 0116 216 8178 or email our team on [email protected] to find out how much your home is worth, you might just get a pleasant surprise and a boost to your plans to move to your dream home this spring.

Image Leicester Abbey by Erich Westendarp

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Clare Phillips

Clare Phillips

Partner

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. Through Clare’s career she has obtained professional qualifications with both NAEA (national association of estate agents) and ARLA (association of residential letting agents) to ensure that she delivers a first class service to all of her clients. Clare’s favourite part of estate agency and lettings is helping customers achieve their goals and making the process as smooth as possible for them.


 

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