Buyers have poured money into holiday lets in the past year as travel restrictions have grounded holidaymakers in Britain. New figures suggest that the staycation boom is here to stay, with bookings well into 2022. But analysts have warned that investors must buy in the locations that will continue to be popular or … [Read more...]
As Property Prices Rise Faster in Wales than Anywhere in Britain
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...]
The beautiful village which became the centre of Wales’ second home debate
For one of the most picturesque villages in Pembrokeshire, things have become pretty ugly for Cwm-yr-Eglwys. The jumbled collection of houses that make up the pretty holiday hotspot in west Wales have become the poster child for second home issues for all of Wales. From a comment by a local community councillor, who … [Read more...]
Where to buy property in Pembrokeshire
Bustling harbour towns, clean beaches and plenty of peak-season elbow room make it hard to resist The wild west of Wales is where you’ll find the best beaches in the country. Sandy strands, picturesque coves, windswept dunes — they’re all here, along with dramatic sunsets, bustling harbour towns and a lot more … [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...]
Second Home Frenzy
More and more Londoners are buying second homes outside the capital following successive lockdowns and international travel restrictions. The number of Londoners purchasing properties elsewhere in Britain more than quadrupled last year compared with 2019, according to Knight Frank estate agents. Capital-based buyers … [Read more...]
Gazumping Returns to West Wales and it is Bad News for Buyers
The word gazumping is sweet music to some people selling their homes but a nightmare for buyers. It has been many years since this word made the headlines and, after an age, it has made its welcome or unwelcome return, depending on which side of the fence you are sitting on. Since the lifting of the extended … [Read more...]
A New Boom for UK Holiday Homes
Wales When the government announced the cut in stamp duty, the Welsh government was quick to say that the "savings" would not apply to buy-to-let investors and second home owners. In all likelihood it would not amount to much of a saving in the pricier go-to resorts of Tenby, St Davids and Newport. Instead Carol … [Read more...]
