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Why Wales is fertile ground for buy to let

August 29, 2017 by Carol Peett

Carmarthen – a buy to let hotspot

… However, one location that might be worth a second look is Wales – where house prices remain lower than average at around £175,000, according to Rightmove. “In Wales you can still get an enormous amount of property for your money,” says Carol Peett of West Wales Property Finders, “and first-time or modest investors can afford to buy a property that generates a solid return.”

While properties remain affordable, according to property website Zoopla the market in Wales is showing signs of growth, with house prices rising 0.95% over the three months to August 2017 – a rate higher than the UK average of 0.62%.

Becoming a landlord

Those wishing to purchase a traditional buy-to-let property might wish to consider towns such as Carmarthen and Aberystwyth, both home to a university and a hospital, making them an “excellent investment” according to Peett. “A two-bedroom house can be purchased for £85,000 for example, and rental would be around £525pcm, giving a yield of 7.4%,” she says.

https://natwest.contentlive.co.uk/content/dfbe56ff-e505-acb9-903f-3349ff7d0c8a  August 2017

If you are thinking of moving to West Wales, or buying a holiday property, buy to let or buy to holiday let here, give Carol Peett at West Wales Property Finders a call on 01834 862816.  We can find the perfect property for you whilst saving you time, money and stress.

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Filed Under: Press Coverage, Property NewsTagged With: Buy to Holiday Let, Buy to let, Buyers' Agent, Holiday Homes, Home Finder Pembrokeshire, Home Finder Wales, Homesearch, Homesearch Carmarthenshire, Homesearch Ceredigion, Homesearch Pembrokeshire, House Prices, investment, Pembrokeshire, Popular Towns in West Wales, Property, Property Expert Wales, Property Expert West Wales, Property Finder, Property Finder Carmarthenshire, Property Finder Ceredigion, Property Finder Gower, Property Finder Pembrokeshire, Property Finders West Wales, Property Search Carmarthenshire, Property Search Ceredigion, Property Search Gower, Property Search Pembrokeshire, Property West Wales

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