Leicester rated the best city for investors

Leicester is the best city in the UK to invest in property and start a new business, a report by savings marketplace Raisin claimed.

The business survival rate in the city is over 91% and house prices have risen by 28.3% in the past two years,

The average house price in Leicester is £246,000, which has increased from £176,382 in the past two years – a rise of over £69,000.

Kevin Mountford, co-founder of Raisin UK, said: “Whether you’re buying a house, you have to weigh up the pros and cons, and the location is a key factor in that.

“Using the Raisin UK city investment index you can find the most practical and profitable location for your business and property needs, encouraging the most successful outcome of your investment and hard-earned savings.”

The second and third best cities were Bristol and Coventry, as both have high rates for business survival (88.7% and 90.6%) and house price increases of 26% & 28%.