Stamp Duty in Wales is to be replaced by a new Land Transaction Tax (LTT), which comes into effect on the 1st April 2018. This replaces Stamp Duty Land Tax, which is currently applied in to property purchases in England, Northern Ireland and Wales. Under the new system, introduced by the Labour run Welsh Assembly, … [Read more...]
Record-Breaking Sales for Tenby Apartments
A multi-million pound development of the former Kinloch Court Hotel, overlooking Tenby’s South Beach, has achieved record-breaking sales. The 51 Latitude development consists of 14 two and three bedroom apartments with sea views priced at between £360,000 and £600,000, with every apartment being reserved since last … [Read more...]
Latest House Prices in Wales
The latest figures from the Land Registry, which are based on sold prices so are the only truly accurate figures, show an annual price increase of 3.4% across the whole of Wales; taking the average property value to £150,258 compared with £225,956 in England. Detached houses in Wales showed the largest … [Read more...]
Tips for Downsizing
Downsizing can be a perfect solution for people wishing to release equity in their property for other things; to save money on utilities or simply because your priorities and lifestyle may have altered. However, do always take into account the cost of actually moving house; to buy a property in England costing … [Read more...]
Four Beds Good, Five Beds Bad
People swoon when you tell them that you’re selling a five-bedroom house. How lovely, they say. Think of the space for children, the potential for guests. However, Britain’s “ideal home” for buyers now has just 3.5 bedrooms, according to the property website Zoopla. With the market in some areas almost static, sellers … [Read more...]
Top Accolades for West Wales Establishments
A contemporary art hotel in St Davids, Pembrokeshire, has been awarded the accolade of AA Hotel of the Year Wales 2017. With 21 en-suite rooms, Tyr y Felin (The Windmill) exhibits 100 pieces of specially commissioned art inspired by the area. It is one of three hotels opened in Pembrokeshire by Keith Griffiths, an … [Read more...]
Aberystwyth is Safest City in UK
The latest report from Provident, entitled Unbroken Britain, has disclosed which areas of the UK are the safest, friendliest and happiest according to local residents. Aberystwyth in Ceredigion, Wales, has once again been voted the safest city in the UK with London being voted the least safe for the second time in a … [Read more...]
House prices up 5.1%
The latest data and analysis from ONS/Land Registry has revealed that average house prices in the UK have increased by 5.1% in the year to July 2017. The annual growth rate has slowed since mid-2016 but has remained broadly around 5% during 2017. According to the UK HPI, the average UK house price was £226,000 in … [Read more...]
