Tag: Cardiff
-
Interest Rate Cut Sparks Rental Property Rise
The recent interest rate cut by the Bank of England has brought a sigh of relief to tenants. According to a new analysis by Zero Deposit, the number of available rental properties in 15 major UK cities has increased dramatically. Edinburgh and Glasgow Lead the Charge The analysis looked at the total number of available…
-
Stoke-on-Trent: The Hot Spot for Student Landlord Profits!
Looking to make a smart investment and earn rental income? Then you need to check out Stoke-on-Trent! This city has just been crowned the top spot for student landlords seeking the highest yields on their property investments. That’s right, Stoke-on-Trent is the champion of student letting, offering landlords a 9.43% average yield! Stoke-on-Trent: A Student…
-
Yorkshire Hottest for Property Investors as House Prices Soar
Forget London and Manchester, it’s Yorkshire stealing the show for property investors! Since December 2021, when the Bank of England started raising interest rates, the average UK house price has risen by a respectable 7%, reaching £288,120. However, some cities are absolutely booming, and Yorkshire is leading the charge. Sheffield takes the crown, boasting a…
-
House Prices Plummet in Merthyr Tydfil as Welsh Property Market Shows Mixed Picture
The average price of a house in Merthyr Tydfil has plummeted by 14.5% in the last year, the biggest drop in Wales. The average house price in the area is now just £129,121, making it the cheapest place to buy a property in Wales. But it’s not all bad news for Welsh homeowners – 13…
-
£20 Billion to be Invested – Build to Rent Market Heats Up
The Build to Rent (BtR) market has been growing steadily over the last decade, with £35 billion invested in delivering 100,000 homes. But the demand for private rental homes is sky-high. We need another million homes by 2031 just to keep up. Savills, a top property advisor, reckons we need £300 billion of investment to…
-
Welsh Homebuying Increases in Spring
April brought more good news for the Welsh property market as homebuying activities continued their upward trajectory. According to the latest figures from the Royal Institution of Chartered Surveyors (RICS) Residential Market Survey, there’s a clear indication that the market is thriving. For the fifth consecutive month, Wales has seen a steady increase in home…
-
Dorset Homes Flood the Market as Prices Climb
Seaside towns in Dorset, including Bournemouth, Christchurch, and Poole, have witnessed a remarkable 20% surge in house listings. This trend is reflecting a broader movement across the UK, where more rural and coastal properties are being put up for sale, according to the latest data from property website Zoopla. Zoopla’s figures highlight a significant increase…
-
Interest Rate Cuts A Distant Reality, Warns Bank of England’s Chief Economist
In a recent address to Cardiff University’s Business School, the Bank of England’s Chief Economist, Huw Pill, shared insights that might have many Brits recalibrating their financial expectations. With interest rates being a hot topic for homeowners, savers, and investors alike, Pill’s analysis on the future of the UK’s monetary policy, suggests that any reduction…
-
From Bankruptcy to Millionaire, The Inspiring Journey of a Cardiff Mum
Cardiff mother of two, Nicky Bright, turned her life around from the brink of financial ruin to becoming a millionaire in just 18 months. The Daily Mail featured her heartening story, which unfolds during the challenging times of 2020, and the COVID-19 pandemic. A Rocky Start The summer of 2020 was a tumultuous period for…
-
House Prices in Wales Hit Lowest Since 2009
House prices in Wales have plummeted, marking their most dramatic drop since the financial crisis of 2009. As of the end of 2023, the average house price stood at £234,000, a 6% decrease from the record highs seen just a year earlier. This downturn represents not just a momentary dip but a consistent trend, with…