Confidence in Loughborough Property Market rises from 2015

Well, it doesn’t seem like two minutes ago that it was Christmas – and now it’s all over! One cold December morning, after arranging the office’s Christmas cards I thought I would nip out for a quick festive coffee and over-priced mince pie at my favourite local coffee shop.  I met an old client of mine in the coffee shop and we got talking about the Loughborough property market. I had just completed my research for my next blog article and so I would like to share with you the parts of the conversation relating to the Loughborough property market.

He asked me what my thoughts were about the last half of the year in regard to the Loughborough property market and if there were any great buy to let deals around. In reply I said that, in my view, shrugging off the uncertainty of the initial post Brexit vote, I have seen a decrease in supply and a rise in the number of properties selling at the lower to middle end of the market, meaning both first time buyers and buy to let landlords have been returning in the last few month’s – proof the market is beginning to bounce back.

So let’s look at the numbers ..

In November 2016, according to the three main property portals (Rightmove, Zoopla and OnTheMarket) there were a total of 372 properties for sale in Loughborough (within 3 miles of the centre of Loughborough to be exact). In November 2015, there were 443 properties for sale, a drop of 16%.

When I split it down into bedrooms (note things like building plots and part commercial/part residential etc won’t be in these figures so the numbers below won’t exactly match up to those in the above paragraph).

	# Properties on the market in Nov 2015	# Properties on the market in Nov 2016	Per cent Change
5+ Bedrooms	53	34	-36%
4 Bedrooms	94	74	-21%
3 Bedrooms	178	125	-30%
2 Bedrooms	101	105	+4%
1 Bedroom	14	24	+71%

.. and when I looked at type of properties  .. it got even more interesting

Type of Property	# Properties on the market in Nov 2015	# Properties on the market in Nov 2016	Per cent Change
Detached	158	122	-23%
Semi	108	71	-34%
Terraced	92	63	-32%
Flat	49	75	+53%

As you can see, there has been some interesting movement in the number of flats, terraced and semi detached properties on the market, which means there has been greater demand from first time buyers and landlords – meaning buyers are continuing to show confidence in the Loughborough property market.

If you would like to discuss the Loughborough property market or chat about any potential investment please feel free to call me on 01509 260777 or email me james.loughborough@belvoir.co.uk