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%
|
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
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