A new report has revealed that Leicester property is among the best in Britain to buy if you are looking for good value for money.

The research from the Centre for Economics and Business Research (Cebr) and Barclays Mortgages looked at how much a single brick costs today using calculations based on the size and price of an average house in Britain. It found that the price of one brick has gone up by 33 per cent over the last ten years, going from £35,70 in 2006 to £47.44 in 2016.

These findings reflect an overall trend of rising property prices – great news for people looking to sell their homes with Keywest! The Office of National Statistics‘ research has found that the average price of a property in Britain has gone up by 8.2 per cent in the past year, showing a continuation of the strong growth period which first began towards the close of 2013.

Fairly unsurprisingly, London is the home of the most expensive brick in the UK. The capital’s average brick costs £121.08. Oxford’s bricks are next in line when it comes to their value, costing £95.50. Cambridge is next on the list with a single brick price of £91.61, followed by Brighton and Hove, where bricks typically cost £71.53 each, and Bristol, where the average price is £47.24.

In contrast, Leicester is among the top five areas in Britain in terms of the value for money its property market can offer. A typical Leicester brick costs just £28.58. The other locations which made the top five were Nottingham at £27.19, Liverpool at £25.87, Glasgow at £22.55 and Belfast at £22.09.

TV property expert Sarah Beeny said the research should boost confidence amongst homeowners, showing how good an investment property can be. The television presenter also advised that people should try to become homeowners as soon as possible, recommending that they look for more ‘purse-friendly’ areas if it would make the difference between getting on the property ladder and not.

Barclays Mortgages’ head, Raheel Ahmed, meanwhile, said that the recent research still reveals the expected North-South divide but cities such as Leicester are seeing ‘strong growth’, a trend which is predicted to continue over the next four years at least.

Want to learn more about the great-value properties available to buy and rent in Leicester? We can help. Simply get in touch with a member of our friendly team today, call 01162 544 555.