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…
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…
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…
House prices in the UK are starting to fall after 8 years of stable growth. This is according to recent house price indices. At the moment prices are still fairly stable, but market fluctuations have been reported. Is this a temporary blip in the market or is this the start Read more…
So, it is no surprise to anyone that property prices in Cardiff have increased over the last twenty years. However, do you know by how much the average property prices have increased? Property in Cardiff twenty years ago was on average just £66,362. Compare that with today’s average Cardiff property Read more…
A typical landlord selling a rental property in England & Wales last year made an on average gross gain of £79,770. Figures from the latest index by Hamptons International show that 85% of landlords made a gross gain when selling a rental property. However, 15% of landlords made a loss. Read more…
Cardiff Property Info is….
I am often asked “What is going to happen in the Cardiff property market?” or “Where is the best place in Cardiff to invest for my next purchase?” These can be seemingly simple questions, however the answers are not. To address these questions I think we start by looking at Read more…
No, this is not an April fools. Over the last twenty years property prices in Cardiff have increased 231%. To put that into numbers, on average, property owners have made £143,622 since 1999, or £7181 per year. Of course, there has been natural inflation you could take into consideration, and Read more…