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...]
A Budget to End Austerity?
Prime Minister Theresa May has said austerity is ending, now Chancellor Philip Hammond is expected to deliver it in the autumn Budget. Relief from Brexit blues Many UK businesses are already going through tough times battling Brexit uncertainty and a shaky economy. But they are hoping that Monday’s Budget will … [Read more...]
Perks That Are Worth More than a Price Cut
Housebuilders are offering a smorgasbord of sweeteners to get deals over the line without cutting headline prices as they battle to sell properties in a slow market. “The most common incentive is a contribution to stamp duty or an upgrade to the spec of the interior finish,” says George Cardale, the head of … [Read more...]
What would a “No Deal” Brexit Mean for the Prime Property Sector?
“No deal” Brexit was once talked of as an improbable worst-case scenario. Now, with just a month to go until the deadline for a deal, and seven months until the UK officially leaves the Union, it’s not an unlikely outcome… The Government recently published a batch of “guidance” intended to help business and … [Read more...]
