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...]
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...]
