cardiff property Industry
You may rent out one property; you may rent out many. Either way most landlords are now choosing letting agents to do this for them. Agents take the burden off the landlord with the mine field of legislation, hard work finding the right tenant, getting the tenant referenced and moved Read more…
Tim Bannister, Rightmove’s director of property science, said: “The interest rate brakes being applied more strongly to slow the economy are now beginning to bite in the housing market”. The number of sales agreed in June is 12% behind 2019’s more normal market level. Transactions in Cardiff are 21% lower Read more…
Our outlook scenario for house prices is of a market slowdown and mild price falls. Lower transaction volumes but better than suggested by recent low mortgage approvals data. There are reasons to be positive about the housing market and the outlook has improved since Liz Truss stepped down. The interest Read more…
Some of you have heard of this act, many have not. However, to cut a long story short, the Welsh Government are updating tenancies and the rules of renting in Wales . Some of the rules are already in place and some are on the horizon. The latest update Welsh Read more…
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…
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…
In a recent survey by Bankrate UK, a mortgage comparison service, questioned buyers about their prospective purchases in the last 6 months in the UK. 46% revealed they had their prospective property down valued by their lender. Homes valued between £400k and £500k were subject to the most de-valuations. Buyers Read more…
If you’re a homeowner or a homebuyer in Wales wondering what to expect in the property world when the lockdown is lifted, you’re not alone. As this pandemic is so unprecedented, even we in the property industry aren’t entirely clear on what the full reopening of the housing market will Read more…
Earlier this year the Welsh property market forecast 2020 was looking up. With the resolution of Brexit in sight, experts predicted a ‘buoyant’ spring. Then Covid-19 happened. We know how the rest of the story goes. After months of lockdown, and a pretty stagnant market, here in Cardiff and the Read more…