No winter blues in red hot local housing market

Phillips George
27 January 2021
Phillips George News | Selling

Reasons to be positive in a changing housing market

House prices have risen steeply in Leicester over the past four years, making Leicestershire a great place to live. You could be forgiven for thinking that it is property boom time in Oadby and Wigston, and you would not be wrong.

According to the Zoopla, Oadby and Wigston are among the biggest property price increases in the UK, with the price increasing 33% from £175 to £233 per square foot between 2016 and 2020.

Of course, prices have been buoyant throughout the area, but uncertain times may lie ahead as the end of the stamp duty holiday appears on the horizon. Many experts think that this could bring a readjustment of prices that could wipe out the benefits of the Chancellor’s tax relief move, when it ends at the beginning of April.

Clare Phillips, Partner at Phillip George said; “There are still lots of reasons to feel optimistic about the local housing market, despite the end of the stamp duty holiday coming soon. Rumours abound that the stamp duty holiday may be extended.”

“When buying and selling your home, you need to consider the long-term benefits of investing in your home. Perhaps no one would have anticipated the price increases we have witnessed over the past four years, but we know that the money we have in our homes far outstrips savings.”

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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.