“Brexit has had no negative impact on the property market in West Wales”, according to Carol Peett, Managing Director of Buyers’ Agent, West Wales Property Finders.
“On the contrary, we have had more enquiries for people wishing to buy properties here than is usual at this time of the year when, traditionally, the market here is quiet until the beginning of September,” she says: “And all our clients for whom we were in the process of a search prior to the referendum have purchased the properties we found for them on schedule”.
“New enquiries have come from those wishing to relocate to Pembrokeshire, Carmarthenshire or Ceredigion from London and the South East; ex Pats wishing to invest in property here now to benefit from the weaker pound; people wishing to invest in holiday letting properties to take advantage of more people staycationing due to the weaker pound and long queues at airports and ports due to added security; and more people wishing to buy second homes or homes to retire to here who previously were thinking of buying in Spain, France or Italy and who now think it a wiser option to purchase here”.
At a recent auction conducted by agents, John Francis, a detached cottage with sea views, in need of improvement work, in the village of Penally, near Tenby, Pembrokeshire sold for £77,000 over its starting guide price of £100,000 whilst a plot of 15.5 acres of land with outbuildings in the village of St. Ishmaels with a guide price of £70,000 sold for £142,000.
Over 90% of the properties West Wales Property Finders locate for their clients never hit the open market, ensuring their clients get the pick of the crop whilst saving time, stress and money.
If you are looking to move to West Wales, or buying a second home or buy to holiday let here, give West Wales Property Finders a call on 01834 862816. We can find your dream home for you.