Tag: Swansea
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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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North vs South, A Tale of Two Housing Markets
The contrast between what the average national house price can buy you in the north versus the south is striking. According to a recent study by Mojo Mortgages, while £261,000 might secure you a spacious detached home in some northern cities, it barely affords a one-bedroom flat in the south. The analysis examined over 3,200…
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Welsh Housing Market Takes a Dip – Prices and Sales Decline
The Welsh housing market has experienced yet another decline. According to the latest data from the Principality Building Society, house prices in Wales have fallen for the fifth consecutive quarter. As of March 2024, the average house price stands at £229,263, marking a significant 6.5% decrease from the previous year. The downturn in housing prices…
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Farewell London! The Rise of Industrial Cities in the UK Housing Market
A growing number of homeowners are swapping the sky-high prices of London for the rich heritage and more affordable living in Britain’s Industrial Revolution cities. This trend sees thousands turning their backs on the capital in search of better value in cities like Leicester, Glasgow, Sheffield, and Bradford. Recent data from Purplebricks reveals a dramatic…
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The Best UK Cities for First-Time Buyers Unveiled
Buying your first home is a monumental step, filled with excitement, decisions, and a lot of financial planning. In the quest to find the perfect city for planting roots, The Co-operative Bank has done some homework for you. Their recent research delves into what makes a city ideal for first-time buyers, considering key factors such…
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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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Birmingham Leads the Way in Rental Yields
If you’re on the hunt for properties with strong rental yields, set your sights on Birmingham. This bustling city isn’t just a cultural hub; it’s now the go-to destination for savvy property investors. A recent study by Molo, a tech-driven mortgage lender, has spotlighted Birmingham as the top city for rental yields in the UK,…
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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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Maximise Your Buy-to-Let Investment: Highest Yielding Areas
In recent times, the buy-to-let market has experienced significant changes. Landlords are now facing higher rates when remortgaging, alongside a reduction in mortgage interest relief. Additionally, a slowdown in house price inflation is impacting the capital growth that was once a staple of property investment. Despite these challenges, opportunities still exist, but it requires careful…
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Buy-To-Let Still Giving 8% Returns in Some Areas
With rising interest rates, sterner regulations, and a tax squeeze, many prospective landlords are questioning the viability of their investment dreams. Yet, research from digital mortgage lender Molo Finance suggests that by picking the right locations, investors can still reap yields nearing an impressive 8% in England and Wales. Understanding Property Yields Before diving deeper,…