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...]
Brexit Concerns Spark Local Holiday Boost
It may be dominating the news agenda and paralysing Parliament but it seems that Brexit has given Pembrokeshire an uplift to the housing market. Concerns about travel immediately after Brexit has resulted in a large increase in the number of bookings made for holiday cottages and other holiday accommodation. On a … [Read more...]
Detached Houses in Wales Rise 5.4%
Latest Land Registry Data - Wales Prices for detached properties in Wales rose by 5.4% from January 2018 to January 2019 according to the latest figures from the Land Registry. This brought the average cost of a detached house up from £231,777 to £244,321. Semi-detached properties rose 4%, terraced by 4.6% and flats … [Read more...]
Buyer Demand Up Enormously in Wales Since Referendum
A new study from PropCast has revealed that, since it was announced that the UK would be leaving the EU, buyer demand has risen for 57% of the counties, across England and Wales combined, with buyers increasing their love the most for Dyfed (Pembrokeshire, Carmarthenshire & Ceredigion) in Wales – up 64%. The … [Read more...]
Wales Recorded Largest Increase in Property Prices in Last 12 Months
The latest data on UK house prices released by ONS has revealed House prices in Wales increased by 5.5% over the last 12 months to reach £161,000. This was the highest price rise in any part of the UK. Over the past two years, there has been a slowdown in UK house price growth, driven mainly by a slowdown in the … [Read more...]
Millionaire Buyers Head to the Country
Homebuyers looking for million pound properties are quitting the capital and moving to the country for their dream home, according to research by Lloyds Bank. While sales of million pound-plus homes in London continue to fall, Wales and the Midlands saw the biggest jump in sales of high-end homes. The number of … [Read more...]
House prices in Wales predicted to increase by 20% over next five years
House prices in Wales are predicted to increase by nearly 20% in the next five years, according to new research by real estate firm. The firm has predicted that the North-South price divide in the UK will 'turn on its head' due to prices rising faster in Northern England and Wales compared to those across … [Read more...]
