Over 85% of all property sales recorded to date by the Land Registry in 2021 have been houses, the highest proportion since 1996. Undoubtedly a result of the ‘search for space’ which has epitomized the property market this year. The market is changing to reflect more people wanting more space, Read more…
You may have noticed that during the last 12 months, probably more, that the housing market has gone a bit crazy. If you are trying to buy or rent I expect you are having major problems getting viewings for properties, and those of you that do manage to get a Read more…
Newly listed Cardiff properties are flying off the shelves. The majority (78%) of agents in the latest Dataloft subscriber poll said that homes, once listed, are selling in less than 28 days. 22% of agents state the majority of homes are selling in less than a week, Zoopla reporting the Read more…
Tenant demand in Cardiff and South Wales is rising substantially. For agents in the lettings market, the busy season is approaching. Analysis of tenancy start dates based on data from the past 5 years indicates the market starts to accelerate in June, with nearly one third of all tenancies starting Read more…
This is a very important question, as by the time a second agent has come along, normally over 12 weeks or 3 months have passed. In recent data released, the overwhelming trend confirms that nearly 60% of properties that have been marketed to sell, finally sell once the first agent Read more…
Looking to invest in South Wales but dont know where to start? Here’s a quick comparison between Cardiff and Newport property with key rental information. Cardiff Lettings Over the last 12 months, the average rent achieved for properties let in Cardiff was £754 per month. 59% of properties let in Read more…
Why is price per square foot important when buying an investment property? Well in all honesty, it isn’t. Most credible investors rarely consider using price per square foot as a true way to value property. Don’t get me wrong, it can be very useful in comparing similar properties in similar Read more…
According to ONS average rental values across the UK rose by 1.4% in the year to December 2020. Rents in #Wales rose 1.5% However, Over the last 12 months, the average rent achieved for properties let in #Cardiff was £828 per month. This is a +11% change on the previous Read more…
26% of tenants moved within a mile of their previous rental property in 2020, and over two thirds (69%) stayed within ten miles. As renting is more flexible than ownership, some households use it as an opportunity to get to know a new area. In fact, 27% of tenants moved Read more…
According to ONS (Office of National Statistics) the average rental values across the UK rose by 1.4% in the year to November. Rental market analysis shows rental growth expectations remain slightly positive, with most parts of the UK expecting an increase. The estimate for Wales is an increase of 1.6% Read more…