The Leicester property market, is now stable for at least the last five years with home sturdiest for at least the last five years with home buyers getting involved with confidence.
With low interest rates and the demand for bigger properties because of lockdown, implies the local market with stay bullish for some time. There is an increase in new buyers placing themselves on mailing lists with local estate agents, creating a large gap with supply and demand for Leicester property for many years.
The national fear of a cliff edge for the local market at the end of March have now eased off, partly due to extensions made by the Stamp Duty tax deadline, but also because increased buyer demand caused by the three lockdowns has continued to swell since the start of 2021 meaning that today.
So, the question is how much will Leicester house prices increase?
This is essentially a matter of demand and supply. February saw a lower level of new properties coming onto to the local market, the slacking of lockdown road map and faster rollout of the vaccine is encouraging home buyers to get their skates on.
The result is that further Leicester properties will be ready for sale in the traditionally busier post Easter market in the upcoming future, which should cause more equilibrium and help keep Leicester property prices in check.
