House prices across Britain have risen at rates not seen since before the financial crisis, yet one country has outpaced all others. Values in Wales increased by more than 13 pc in te 12 months to May this year, according to the Office or National Statistics. This was a slight drop on the significant increase of … [Read more...]
House prices: how the Covid-19 pandemic sent the housing market into a frenzy
It is one of the oddest outcomes from the pandemic: a housing market that is so frenetic that there could be nothing to sell within two months. While Easter is traditionally the start of the house-hunting season, March was the busiest month for a decade. More sales were agreed on March 23 than on any other day in the … [Read more...]
The Welsh housing market is booming more than any other nation in the UK
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...]
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...]
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...]
