Tag: Newport
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Where are First-Time Buyers Moving to?
It’s no secret that getting on the property ladder is tough, but new research shows just how far people are willing to move to buy their first home. Forget about living close to your family and friends – first-time buyers are increasingly looking further afield to find affordable properties. Over the last decade, some areas…
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Welsh Property Market – Industrial Booms While Offices Struggle
Is the Welsh property market a good bet for investors? The latest figures from RICS show a mixed bag, with industrial space booming while office and retail face tough times. The Royal Institution of Chartered Surveyors (RICS) has just released its latest commercial property report for Wales, and it shows that occupier demand for commercial…
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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…
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Flintshire’s Property Prices Rise, Leading Growth in Wales
Flintshire has emerged as a hotspot for property price increases, significantly outpacing both the regional and national averages in February. Flintshire’s house prices saw a robust growth of 1.4% in February, a rate that surpasses the average growth across Wales, which was just 0.4% during the same period. This increase in Flintshire is also higher…
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Buy-to-Let Hotspots in the UK Where Profit Waits
High interest rates and inflation are piling up the costs of holding properties, yet the robust growth in rental demand and prices offers a silver lining. However, this broad national overview masks the intricate patchwork of local markets, where the fate of landlords swings dramatically from city to city. The Daily Mail has produced a…
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Huddersfield Leads UK’s House Price Rises in 2023
Huddersfield, in West Yorkshire, has taken the lead in the UK’s housing market race. According to the latest data from Halifax, the average house price in Huddersfield soared by a remarkable 8.7% in 2023. This increase translates to an added value of £22,137, pushing the average property price to £253,301. This surge is particularly noteworthy…
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Wales – Hotspots for House Price Growth
During and immediately following the Covid-19 pandemic, Wales emerged as a leading region in the UK for house price increases. The Office for National Statistics (ONS) and the Land Registry data highlighted this growth, with all 22 counties in Wales experiencing a rise in average house prices. This growth was particularly notable in coastal areas…
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Top Cities for First-Time Buyers in the UK
Aldermore Bank have launched their 2023 “Appeal Index” to evaluate which cities are best for first time buyers. It evaluates cities across the UK using 10 indicators split between two main categories: property and lifestyle. In an impressive show of consistency, Scottish cities, particularly Glasgow, have maintained their top positions on the Appeal Index. They’ve…
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Surge in Welsh Industrial Property Demand: What You Need to Know
If you’re eyeing the property market in Wales, especially in the industrial sector, the recent trends have some interesting implications for your investments. Business Wales shared some numbers and looked at what this means for potential investors. A Significant Q3 Upswing The third quarter (Q3) of the year showcased a promising surge in the uptake…