Cardiff – New Year, New House Prices…

So property in the UK and especially Cardiff has seen crazy prices for property and it doesn’t seem like stopping. The good news is that it is slowing down, a little. However, demand still out weighs supply and supply continues to fall to record lows.

This means that more homes are being sold at record prices and bidding wars will continue, for the time being anyways.

The average price of property in Cardiff is now £239,934 and prices have increased 9% in the last 12 months and 28% over the last 5 years. So which areas of Cardiff and South Wales have had the greatest price increases?

Thornhill

Average Price – £287,655

12 Month Price Increase – 20%

5 Year Price Increase – 47%

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Lisvane

Average Price – £440,649

12 Month Price Increase – 15%

5 Year Price Increase – 12%

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Llanishen

Average Price – £221,664

12 Month Price Increase – 16%

5 Year Price Increase – 36%

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Whitchurch

Average Price – £294,032

12 Month Price Increase – 3%

5 Year Price Increase – 33%

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Penylan

Average Price – £371,044

12 Month Price Increase – 13%

5 Year Price Increase – 21%

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Rhiwbina

Average Price – £293.549

12 Month Price Increase – -7%

5 Year Price Increase – 17%

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Canton

Average Price – £275,929

12 Month Price Increase – 13%

5 Year Price Increase – 33%

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Pontprennau

Average Price – £247,932

12 Month Price Increase – 7%

5 Year Price Increase – 19%

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Heath

Average Price – £307,266

12 Month Price Increase – 10%

5 Year Price Increase – 24%

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Splott

Average Price – £175,405

12 Month Price Increase – 10%

5 Year Price Increase – 30%

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Pontcanna

Average Price – £297,721

12 Month Price Increase – 4%

5 Year Price Increase – 28%

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Newport

Average Price – £193,540

12 Month Price Increase – 8%

5 Year Price Increase – 28%

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Barry

Average Price – £188,702

12 Month Price Increase – 8%

5 Year Price Increase – 29%

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So some great returns on property investments in South Wales. However, it is getting harder and harder to find the right cheap property deal. Be aware as it seems many agents are now frantically over valuing property to get it signed up on their books. I’ve also had reports of surveyors down valuing buyers who bid over the properties value, thus leading to mortgage lenders reducing their payment.

If you would like a valuation report done, please do get in touch.

Daniel Hopkins the Cardiff Property Expert.

Contact me on 029 2168 0006.

Facebook – https://www.facebook.com/cardiffpropertyinfo

LinkedIn – https://www.linkedin.com/in/daniel-hopkins-9286b42b/

Twitter – https://twitter.com/CardiffPropInfo

EA Website – www.handmproperties.co.uk