In recent times the UK has become a proven haven for property investors keen to take advantage of continuing improvements in economic stability, the booming buy to let market and fantastic investment opportunities and the British Pound maintaining itself as a safe and stable currency (Citigroup).
With the average house prices in London now increasing to a staggering £500,000, home owners and investors are seeking alternative areas within the UK to buy property.
Leicester is the tenth largest city in the UK, with a population of around 330,000 and at the start of 2015, the HomeLet Rental Index placed the city top of the UK rental market, citing a growth in annual yields of 45%, making Leicester by far the biggest rental growth spot in the UK. Property in Leicester offers exceptional choice and value for money and it is not difficult to find the ideal property to buy, from executive flats to family homes with gardens. There has been a 32% growth in the sales of housing in 2014/15 in Leicester due to large demand in the area and it is predicted to be a top ten UK property hotspot in the next 10 years, according to online estate agents HouseSimple.
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Leicester is home to the East Midland’s biggest economy and a £3 billion regeneration programme has also added to its popularity as an extremely desirable place to live, creating more than 45,000 private sector jobs between 2014 and 2020 and assisting the growth of 15,000 existing businesses and 1,000 new start up enterprises and increasing the county’s economy from £19bn to £23bn by 2020. The Leisure & Tourism industry has also grown steadily and is now worth £1.31 billion per annum for the region.
Home owners choosing to live in Leicester have a world of natural opportunity on their doorsteps, from Swithland Woods, Beacon Hill and Bradgate Park to Rutland Water, Belvoir Castle and Bosworth Battlefield. Its central location makes it easy to access the whole of the country and beyond. Even the likes of Brussels and Paris are within a five-hour journey thanks to direct rail links to St Pancras and Birmingham, and Birmingham and East Midlands airports provide links to destinations around the world. Local transport links also provide easy access to East Midlands Airport (25 mins), Birmingham Airport (40 mins), Birmingham City Centre (45 mins) and Central London (90 mins).
However, you do not need to leave Leicester to enjoy a stunning array of places to visit, diverse cultures and extensive F & B options. Leicester is renowned for its diversity and the plethora of cultural events on offer and lovers of the arts will find a haven in Leicester. It plays host to an annual comedy festival, and De Montfort Hall offers a huge range of shows, from mainstream gigs, comedy and jazz to world music, operas and musicals. The city also boasts the innovative Curve theatre, not to mention the arthouse cinema complex known as Phoenix Square. Leicester is a great place to enjoy an evening out. It is packed with restaurants, clubs and bars to suit all different tastes and budgets. The diversity of the area is reflected in the choice of restaurants in particular, where almost every corner of the globe is represented. Leicester is also packed with big-brand names and independent emporiums in its prominent shopping centres, not to mention the oldest and biggest produce market in the whole of Europe.
Combined with the fact that Leicester boasts 2 fantastic Universities in the University of Leicester and De Montford University to serve its renowned and ever-increasing student population in the city, it quickly becomes clear why Leicester is seen as a very sustainable and attractive property alternative to Central London and its surrounding areas.