The Welsh property market shut down on Friday evening, putting the brakes on the post-lockdown boom and potentially suspending more than 2,000 home purchases The Welsh Government’s two week circuit breaker lockdown includes a ban on property viewings and will force estate agents to close their offices until November … [Read more...]
Great Escapes
Time spent in isolation may have been an endurance test for many at the height of the pandemic earlier this year, but it did prove one thing – that escaping the hustle and bustle can make for an appealing lifestyle under certain circumstances. This, coupled with the realisation of the benefits of working from home, has … [Read more...]
The property Hotspots where New Lockdown Restrictions Could Push up House Prices
Increasing lockdown restrictions presents the property market with a paradox. On the one hand, putting pressure on the economy, incomes and job security will inevitably prove a threat to job security and inevitably prove a threat to house prices and market activity. On the other, a return to working from home, … [Read more...]
Gazumping Returns to West Wales and it is Bad News for Buyers
The word gazumping is sweet music to some people selling their homes but a nightmare for buyers. It has been many years since this word made the headlines and, after an age, it has made its welcome or unwelcome return, depending on which side of the fence you are sitting on. Since the lifting of the extended … [Read more...]
Stamp Duty Holiday Adds £50K to House Prices in Buying Frenzy
Property buyers are being forced to pay as much as £50,000 more than the asking price to purchase homes as the stamp duty holiday boosts the market. One in eight properties is selling for more than the asking price, estate agents said, with many changing hands for significantly more than the listed price. The … [Read more...]
UK Cities Completely Berserk! “Everyone just Wants to Escape”
You know that in America people are racing to escape to the county. But the USA isn’t alone. Residents of London and other UK cities are looking to escape as well. Many are heading to Wales, where property is relatively inexpensive. Carol Peett, managing director of West Wales Property Finders told the Wall Street … [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...]
The Big Move- Relocating to the Country in Search of the Good Life
Events this year have persuaded more people than ever that relocating to the countryside is for them. Liz Shankland looks at the implications for the rural property market - and the expectations of potential buyers. There can be no doubt that 2020 will go down in history as one of the most stressful and unsettling … [Read more...]
