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...]
Is a Reckoning Coming for the Property Market?
Rocketing prices and an extreme supply crunch mean that, for most buyers, the property market is an unpleasant place to be. For Jennifer Brown*, a 79-year-old pensioner, the situation is stark. Mrs Brown wanted to downsize from the four-bedroom house she has lived in for 22 years in a village in Suffolk. When … [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...]
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...]
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...]
Best Places to Buy a Property in 2019
Looking to buy your first home next year, or perhaps invest in a buy-to-let? Don’t go house hunting until you’ve read our guide to the best locations to buy in 2019 As 2018 draws to a close, the housing market typically goes for a festive nap before reawakening with renewed vigour in the new year. We’ve asked … [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...]
