Latest figures reveal Wales has the highest annual house price growth of the four nations. Wales has seen the largest annual house price growth in the year to December 2020 out of the four UK nations, according to new data. The data released as part of the UK House Price Index Summary, compiled by the Office of … [Read more...]
The Welsh Market is the Hottest in the UK
Iceland directors aside (one was sacked last week for anti-Welsh comments), the British love Wales. So much so that many of us want to buy property there so we can live and holiday in unspoilt countryside and enjoy some of the best beaches in the land. With so many of us rushing west, though, the property market is … [Read more...]
Second Home Frenzy
More and more Londoners are buying second homes outside the capital following successive lockdowns and international travel restrictions. The number of Londoners purchasing properties elsewhere in Britain more than quadrupled last year compared with 2019, according to Knight Frank estate agents. Capital-based buyers … [Read more...]
Homebuying Bottleneck Means Transactions Taking Longer to Complete
Buyers frustrated as bottleneck sees transactions take longer to complete Homes that exchanged in last 30 days took a month longer to get to that stage Solicitors have had a huge backlog of work since the property market reopened in May - and buyers trying to make the stamp duty holiday have added to it One … [Read more...]
Second-Home Buyers are Flocking to Wales
With 870 miles of coastline and more than 1,500 square miles of national parkland, Wales, a country smaller than New Jersey, punches far above its weight when it comes to second-home ownership thanks to a combination of natural beauty plus affordability. There are 24,200 second homes in Wales, or 1.8% of its total … [Read more...]
A New Boom for UK Holiday Homes
Wales When the government announced the cut in stamp duty, the Welsh government was quick to say that the "savings" would not apply to buy-to-let investors and second home owners. In all likelihood it would not amount to much of a saving in the pricier go-to resorts of Tenby, St Davids and Newport. Instead Carol … [Read more...]
Coast Clear for Buyers
From the South West of England to West Wales and the Scottish Isles, enquiries about coastal homes have soared over the past few months in lockdown. It is not just the usual spike of holiday home hopefuls either. A good proportion of the people are at least thinking of moving to the coast to improve their work life … [Read more...]
Stamp Duty Deadline Extended
The Government has extended the three year period in which you need to sell your previous home after buying a new one in order to claim a refund for the stamp duty surcharged on second home owners. This surcharge is the extra 3% owners of more than one property have to pay and has bee brought in in recognition of … [Read more...]
