This summer may be a wash out — but at least there’s one region in the UK that’s heating up: Wales. Average house prices there are 4.4% higher than this time last year, according to figures released last week by the Office for National Statistics.
This is particularly impressive when compared to house prices in London, which fell by 2.7% on the year, marking the 16th consecutive month of decline, the longest property slump the capital has suffered in 26 years. Carol Peett, from West Wales Property Finders (westwalespropertyfinders.co.uk) says the Welsh boom is driven by buyers seeking affordable housing and a better lifestyle, from young families to retiring pensioners.
“The market has been red hot in the last 18 months,” says Peett. “Wales has the lowest crime rates as well. Every person who comes here says they’re worried about rising crime, especially if they’re coming from London or the southeast.”
The locations that have seen the largest pick up in prices, she says, are Pembrokeshire, Ceredigionshire, Carmarthernshire and Newport, which has seen increasing interest from Bristolians taking advantage of a newly free, half-hour commute since tolls were scrapped on the Severn Bridges last year.
Sunday Times – 18th August 2019
If you are thinking of moving to Pembrokeshire, Carmarthenshire or Ceredigion, or buying a property here, give West Wales Property Finders a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money too. http://www.westwalespropertyfinders.co.uk
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