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What to Expect in 2017 – Property Investor Today

February 10, 2017 by Carol Peett

Award Winning Property Finders – West Wales

Carol Peett, of West Wales Property Finders, offers her thoughts on what property market trends we can expect over the coming year.

I think that here in Wales in general the market will remain stable with a minimal increase of 1-2%.

However, there are exceptions. I predict character sea view properties, particularly those standing alone, in popular locations around the West Wales coast will continue to soar due to the scarcity value coupled with the rise in popularity in buy to holiday lets and second homes.

Buy to holiday lets are still tax efficient and there is high demand for rentals fuelled by the huge rise  in “staycationing” due to the weak pound, long queues at airports due to security checks, several excellent Summers in a row here and, sadly, the fact that many popular tourist areas abroad have been effected by terrorism.

Post-Brexit vote has also seen an increase in requests from clients to find them second homes in West Wales from buyers who previously had been considering buying second homes in France, Italy and Spain and who are now looking here due to perceived difficulties in buying and owning homes in those countries post Brexit.  There has also been increased interest for these types of properties from expats wishing to invest here whilst the pound is weak.

Properties standing alone with an excellent sea view and within walking distance of a beach in Pembrokeshire are already selling for at least double the price of the same property half a mile inland.

Prices in Cardiff and Swansea are also likely to see increases far outrunning that of the market as a whole due to huge investment being made in these locations for regeneration and high demand for properties there.

https://www.propertyinvestortoday.co.uk/breaking-news/2016/12/carol-peett–what-to-expect-in-2017 – Property Investor Today – 3rd January 2017

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Filed Under: Press Coverage, Property NewsTagged With: Buy to Holiday Let, Buyers' Agent, Holiday Homes, Home Finder Pembrokeshire, Home Finder Wales, Homesearch, Homesearch Carmarthenshire, Homesearch Ceredigion, Homesearch Pembrokeshire, Pembrokeshire, Property Expert Wales, Property Finder Carmarthenshire, Property Finder Ceredigion, Property Finder Gower, Property Finder Pembrokeshire, Property Finder Wales, Property Finder West Wales, Property Finders West Wales, Property investment, property market, Property Pembrokeshire, Property Predictions, Property Search Carmarthenshire, Property Search Ceredigion, Property Search Gower, Property Search Pembrokeshire, Property West Wales

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