cardiff property markets
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…
This shows the change in average asking prices of property in Wales to August 2022. Note, this is not actual sales prices where our data is normally calculated from. Need help with a property? Selling, renting, managing? Get in touch. Press the chat button below or visit the agency website Read more…
The property market is busy, with the start of 2022 seeing no slowdown in sales activity. Nearly 107,000 sales were recorded in January. Except for 2021, this is the strongest start to a year since 2007 and up 10% on the January average (2012–2021). Demand continues to outpace supply, sustaining Read more…
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 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…
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…
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…