Leicester Is a Hotspot for Making Profit from Property
If you bought your Leicester property in 2000, then now could be the ideal time to contact Keywest to get your house, bungalow or flat on the market. This is because reports suggest that you could benefit from a 250 per cent increase on the price you paid.
Numerous recent reports have highlighted Leicester as a property hotspot and an area where you are like to have seen – and continue to see – a very healthy return on a property investment, with one report showing an average increase in value of more than 250 per cent between 2000 and 2018.
Leicester came out near the top of the table in the research, based on Land Registry data, showing an increase of a very respectable 268.7 per cent in the 18-year period.
The city was only surpassed by Southend-on-Sea in Essex, which saw a huge 290.9 per cent increase since the start of 2000, while eight London boroughs witnessed price rises in excess of 300 per cent.
London may have been the biggest winner in terms of price growth for properties since January 2000, but the figures demonstrate the appeal of the Midlands for property investors looking for the ideal combination of excellent value and great potential returns, both in the sales and rental markets.
The house price rises experienced in Leicester since the turn of the century are particularly impressive given that at the heart of this period was one of the most significant recessions Britain has ever experienced. This demonstrates the resilience of Leicester’s property market – something which is particularly significant as the property market in the English capital seems to be faltering.
The new data shows that there were 19 cities and towns, not counting London, where property prices have gone up by a minimum of 250 per cent over the last 18 years. Southend-On-Sea was followed by Bristol with a 279.9 per cent rise, and Leicester was placed ninth in the country, with average prices rising from £45,432 to £167,518.
Figures are consistently demonstrating the potential offered by the Leicester property market, both for long-term investors and buyers looking for their first, or next, buy-to-let investment.
If you can see this potential and think it could offer you the opportunities you require, don’t hesitate to get in touch with the Keywest team. Whether you’re looking for a one-bedroom flat or a four-bedroom family home, our experts are always on hand to offer the highest standards of advice and service.