House prices in Pembrokeshire have risen to £260,081 during the first quarter of 2023. The figures have been released from Principality Building Society’s Wales House Price Index for Q1 2023 (January-March), which demonstrates the rise and fall in house prices in each of the 22 local authorities in … [Read more...]
How the tide turned on Britain’s holiday home dream
Second home sales have fallen off a cliff, a new analysis of property transactions has revealed, with higher mortgage rates and a council tax crackdown pushing the pandemic-fuelled holiday home boom into reverse. A record 26,290 second properties were purchased in 2021 as homeowners spent their lockdown savings and … [Read more...]
The small, thriving Welsh town full of independent shops
West Wales might be famous for its rolling countryside and beautiful coastline, but it is also home to some of the country’s best and most beautiful towns and villages. Among the very best of those is the small town of Narberth. With a population of fewer then 3,000 people, Narberth is situated on the eastern end of … [Read more...]
The Death of the Landlord
Spring is property auction season, when a motley collection of semi-derelict houses, flats with leases in the single figures and the homes of mortgage defaulters get sold off. This year, though, a scan of the catalogues of some of the UK’s leading property auction houses reveals a new class of property under the … [Read more...]
The high-risk cash buyer strategy that wins when house prices are falling
Factors to consider before you sell up: "Strategic view the "sell first, buy later" strategy works particularly well if you have something sought after to sell - a home with a sea view, say - and are looking for something more everyday such as a turn key apartment"; according to Carol Peett of West Wales Property … [Read more...]
West Wales Property Finders Look Into Their Crystal Ball at the 2023 Property Market
Properties in Pembrokeshire had an overall average price of £246,821in 2022 and sold prices in Pembrokeshire were 24% up on the 2019 peak of £199,843 according to Rightmove. In Carmarthenshire property prices rose 23% and in Ceredigion 32% from their peak in 2019. Demand, particularly for smallholdings and coastal … [Read more...]
A House-hunter’s Guide to Haggling
How to increase the chances of having your offer accepted Not so long ago buyers were treating house-hunting as a blood sport – price ceiling-shattering bids and gazumping were commonplace everywhere from the Cornish coast to the London suburbs to the Lake District. But six months is a long time in property. … [Read more...]
House of cards: why are so many property sales collapsing?
Moving house is said to be one of the most stressful life experiences, right up there with bereavement and divorce. But what about the stress of not moving? Amid the upheavals of the past few months increasing numbers have seen their property ladder dreams collapse around their ears. According to market analyst … [Read more...]
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