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...]
House Price Growth Strongest in Wales in 2019
According to the latest Land Registry House Price Data, UK house prices increased by 2.2% in the year to November 2019, up from 1.3% in October 2019. House price growth was strongest in Wales where prices increased by 7.8% over the year. Wales has experienced record annual growth to November 2019. The lowest … [Read more...]
Outlook for the Property Market in South Wales in 2020
The property market is South Wales has been booming since the Brexit referendum and this looks set to continue into 2020 and beyond. Land Registry figure showed house prices in Wales rose more than anywhere else in the UK in the year to January 2019 and these rises have continued unabated throughout this year. In … [Read more...]
Average House Prices Hit New Peak in Wales
Newly released figures from Principality Building Society have shown that Wales continues to buck the trend seen across England as the average house price has climbed to reach a record peak of £191,006 over the last three months. According to the research, house prices have risen in Wales by just over 2% both … [Read more...]
The Rise of the Welsh Dragon
This summer may be a wash out — but at least there’s one region in the UK that’s heating up: Wales. Average house prices there are 4.4% higher than this time last year, according to figures released last week by the Office for National Statistics. This is particularly impressive when compared to house … [Read more...]
How will Boris Johnson being prime minister affect the housing market?
Boris Johnson moved into 10 Downing Street this week having promised in his acceptance speech that his party would prioritise homeownership. Yesterday the new housing secretary Robert Jenrick said: “Housing delivery is one of the big priorities of this administration. We are going to be straining every sinew to … [Read more...]
Welsh Property Prices Reach Record Levels
Despite the constant scaremongering being churned out by news agencies, four out of eleven regions in the UK have hit record highs for new seller asking prices in May, with prices in Wales 4.1% higher than 12 months ago, according to property website, Rightmove. Miles Shipside, Rightmove director and housing market … [Read more...]
A spring housing market bounceback
Reports on the state of the housing market have been doom-laden in recent weeks. Spring may traditionally be the start of the home-hunting season in Britain, but buyers have been deterred by Brexit and affordability concerns. The number of transactions, a key indicator, dipped 2.5 per cent, or more than 30,000, from … [Read more...]
