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Leicester rated the best city for investors

Leicester is the best city in the UK to invest in property and start a new business, a report by savings marketplace Raisin claimed.

The business survival rate in the city is over 91% and house prices have risen by 28.3% in the past two years,

The average house price in Leicester is £246,000, which has increased from £176,382 in the past two years – a rise of over £69,000.

Kevin Mountford, co-founder of Raisin UK, said: “Whether you’re buying a house, you have to weigh up the pros and cons, and the location is a key factor in that.

“Using the Raisin UK city investment index you can find the most practical and profitable location for your business and property needs, encouraging the most successful outcome of your investment and hard-earned savings.”

The second and third best cities were Bristol and Coventry, as both have high rates for business survival (88.7% and 90.6%) and house price increases of 26% & 28%.


Source: Property Wire

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Leicester leads the way on city house price growth

House price growth in Leicester is currently outstripping other major UK cities, Zoopla’s UK Cities Index has found.

In the year to October 2019 prices rose by 4.7% year-on-year to £180,000 in Leicester, outstripping Manchester (4.6%), Liverpool (4.1%), Edinburgh (4.0%) and Belfast (4.0%).

Josef Wasinski, co-founder of Wayhome, said: “These figures will cause further frustration for aspiring homeowners struggling to afford the deposit needed for today’s property prices.

“With first time buyers and housing at the forefront of party manifestos, we need to move beyond the rhetoric and be confident that the proposals will become policy alongside alternatives which provide realistic pathways to homeownership for those looking to get on the ladder.”

The only major UK city to see house prices fall was Aberdeen, where they are 5.9% lower than last year.

House prices have also stayed the same (0%) year-on-year in Oxford.

Despite the impact of a Brexit slowdown, in the year to October 2019 UK house prices rose by more annually than the corresponding year before, by 2.5% from 2.0%.


Source: Property Wire