Our new residential magazine looks at what's happening in your area: ‘The market is likely to remain balanced.'

Last year was one of contrasts in the Leicestershire, Rutland and north Northamptonshire region. Rather than the traditionally busy spring and autumn sales seasons, we've seen the market governed by the ebb and flow of public confidence in the economy, which has led to some unusual peaks of activity. April, with its four bank holidays, was quiet, followed by some excellent trading months in May and June. August saw a pause for breath, with rioting at home and fears of a default across the pond, while the mild weather in October and November led to another burst of activity.

As always, best-in-class and correctly priced properties have sold well, along with those requiring refurbishment where value can be added. Particular highlights include Chestnut House in Hallaton, which sold for 8% over the guide price following competitive interest from three families in the same small village - and also led to an instruction on behalf of one of the under-bidders, and another through recommendation. The charming Hornhill Farmhouse in Clipston, our first sale of the year, generated an impressive 67 viewings. It ultimately sold to buyers from Jersey, who saw it featured within a Sunday Times editorial on properties with pantries.

With confidence in the economy still fragile, the property market is likely to remain balanced over the next six months, but changing circumstances will always create demand. Interest rates are likely to remain low, and the government's commitment to help first-time buyers should help stimulate the lower end of the market - allowing realistic sellers up the chain to move on. The best way to encourage interest from serious buyers is to set a realistic guide price, thereby generating plenty of viewings and competitive interest.

Read the full magazine: &homes - East Midlands