🔥 Market Alert! Leicestershire Property Prices Skyrocket! Find Out Why You Should Sell NOW! 🔥

Hello everyone, Harry Singh here, your premium property agent in Leicestershire. Welcome to our May 2024 market report, themed "Steady Recovery". Let’s explore what's happening in the housing market:
*Spring Optimism:* Mortgage approvals soared to 61,325 in March, the highest we've seen since September 2022, indicating a resilient and recovering market. With transaction activity also on the rise, with 84,200 sales in March, it's clear that economic pressures on households are easing.
*Prices on the Rise:* The average asking price climbed to £372,324 in April, with an annual growth of 1.7%. Lloyds Bank is now forecasting a 1.5% price increase for 2024, reflecting a brighter economic outlook.
*Abundant Opportunities:* There’s an array of choices with the supply of homes at a five-year high. The market has seen a 20% increase in listings compared to last year, providing excellent opportunities for those looking to upsize.
*Prime Market Insight:* In the prime sector, average prices are at £1,254,411. While there’s been a slight dip year-over-year, areas like the East Midlands are experiencing positive growth, and cash purchases remain robust, accounting for 35% of sales.
*Dynamic Market Conditions:* As we move into the warmer months, the market is becoming more dynamic with quicker selling times, highlighting growing confidence among buyers and sellers alike.
If you're considering selling, now is an exceptional time. For more information or to discuss your property needs, feel free to call me at 07914 152 318 or email [e-mail].
Thank you for watching, and let's turn your property goals into reality this spring!
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