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How Will Rising Inflation Affect the Leeds Property Market in 2022?
The UK is currently experiencing its highest inflation rate since the early 1990s. What will this mean to the Leeds property market, people wanting to move home and Leeds house prices?
1 in 37 homes are sitting empty in the Leeds area
- 9,734 homes in the Leeds area are empty, which represents 1 in 37 homes.
- 3,254 of those have been empty for more than six months and are worth £720million.
- Why are those properties standing empty and deteriorating and why could that become an issue for the whole of Leeds?
Leeds Household Heating Bills Set to Rise to £317,165,670 in 2022
The Energy Bills of every Leeds resident will rise by around a half in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity. So, what can Leeds residents do to reduce their energy consumption and ultimately save money? Read this article to find out 68% of you already have a bespoke report on your Leeds home which tells you how to quickly and easily save money.. and if you have not any got one of these reports, how to get one
Why Are There So Few Leeds Homes For Sale?
- 25% drop in the number of properties for sale in Leeds in the last 12 months.
- 1,902 Leeds homes have sold (stc) in the last three months alone, taking the time from the ‘for sale board’ going up to sale agreed to a median of 24 days.
- The £400k to £500k price range in Leeds is the most active, where it only takes 21 days to sale agreed, but under £100k is taking 45 days.
- Yet, what issues cause the people of Leeds to want to move home and what can Leeds people, who want to move in 2022, do to ensure they sell and find the home of their dreams?
10,149 Leeds Landlords Could Be Hit With £14k Bills and Red Tape in Tory 'Levelling Up' Plans
- Some Leeds landlords face bills of between £11,000 to £14,000 as Michael Gove, the Housing Minister, declared an attack on poor quality private rental homes.
- 10,149 Leeds rental properties will require upgrading. The Government announced in their ‘Levelling Up’ White Paper last week, they plan to introduce a new minimum standard for private rental properties.
- Also, the White Paper wants every landlord in Leeds (43,556 of you) to go on a Landlord Register and proposes the removal of Section 21 no-fault evictions. This could make it more difficult for you to get possession of your Leeds rental property.
- Are these proposed changes another nail in the buy-to-let coffin for Leeds landlords?
38,175 Leeds OAP Homeowners Could Be Forced To Sell Their Homes As Their Energy Bills Rise
- Will Leeds OAP homeowners be forced to sell their home as their gas & electric bills are set to double in 2022?
- What can the 38,175 Leeds OAP homeowners do to mitigate this?
- What are their options if they do need to sell? And what will that mean for the Leeds property market as a whole?
Leeds Homeowners Pocketed £170k Each in the Last 20 Years
- The average house price in Leeds has increased by 206.6% to £253,200 in the last 20 years, a profit of £170,620
- That means, when adjusted for inflation in those two decades, Leeds house prices have risen in real terms by 134.5%
- What does this mean for existing Leeds homeowners and first-time buyers trying to get on the Leeds property ladder?
The Future of the Leeds Buy-To-Let Market in 2022
Leeds Landlord? What is the future of the Leeds Buy-To-Let Market in 2022? What will happen to rents in Leeds? And Leeds house prices? What about the new landlord and tenant law changes?
Live in Leeds and thinking of buying a property in 2022?
Buying your next property is all about finding a Leeds property with the features that match your requirements. However, what might be important to you as a homebuyer, might not be as important to other Leeds homebuyers or tenants.
The 7 Things Leeds Home Sellers Should (and Shouldn’t) Do in 2022
If you are a Leeds homeowner and are thinking of moving home in 2022, these 7 should (and should nots) will help you make the move smoother, quicker and more likely to happen.
