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...]
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...]
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...]
Holiday Lets Continue to Outshine Buy to Lets
Holiday lets are the highest returning asset within the UK real estate sector according to holiday property fund, Second Estates. This is mainly the result of their higher yields which were 1.1% higher than those for residential buy to let properties over the past 12 months and higher than all other major … [Read more...]
Latest House Price Figures for Wales
Latest figures released by HM Land Registry show an annual increase in house prices in Wales in the year to March 2017 of 4.2%, taking the average property value to £147,921. Monthly house prices have risen 0.9% since March 2017. Detached properties have seen the highest level of growth at 6.1% in the year to March … [Read more...]
