Pent-up buyer demand is continuing to drive a boom in house sales in Leicestershire, despite the local lockdown.
Leicester’s housing market has had to grapple not just with the national shutdown that ran from March until May 13, but also the city’s own local lockdown, which was put in place on June 29th.
Clare Phillips, Partner at Phillips George Estate Agents says: “The continued uncertainty has had no effect on the housing market. In fact, it seems to have encouraged buyers into the market as they trend towards extra urban, detached housing and more space has made it a seller’s market.”
“There are many obstacles in the coming months including the end of Furlough and the stamp duty holiday, which will run until March next year.”
“We can also factor in a natural readjustment in the local housing market, which has seen an increase in property value which aligns Leicestershire house prices closer to broader regional values.”
All this adds up to a market that is ideal for the seller. Clare continues; “Without a doubt, now is the time to get your house on the market if you are considering selling, and Phillips George offers you the best chance to get the most out of your house sale.”