Tag: Wales
-
Welsh House Prices Fall But Sales Rise
House prices in Wales have fallen for the first time in months. Bad news if you are selling – you might get less than you hoped. But don’t panic, there’s more to this story… The average price of a house in Wales has dropped by 2.9% to £232,400. This follows a mini-boom after the turmoil…
-
ONS House Prices – August 2024
House Prices Climb Higher – But is The Market Cooling Down? The average UK house price hit £293,000 in August 2024, an increase of 2.8% compared to last year, according to the latest official figures. House prices continue to rise – but at a slower pace While prices are still going up, the pace of…
-
Landlords’ Rental Yields Hit 7.2%
Despite whispers of a slowdown, rental yields across England and Wales are holding strong at a respectable 7.2%. That’s according to the latest buy-to-let Rental Barometer from Fleet Mortgages, which reveals good news for anyone with a property portfolio. While rental yields are down slightly from the previous quarter (by just 0.4%), they’re still up…
-
Is Buying a House on Your Own Just a Pipe Dream?
Finding a place to buy that doesn’t break the bank is a struggle, especially if you’re flying solo. New research shows just how tough it is for single buyers to get on the property ladder. Brace yourselves, because it’s not looking good. A new report by mortgage experts Alexander Hall reveals that only 8% of…
-
Wrexham House Prices Dip in July
House prices in Wrexham experienced a slight dip this July, but don’t worry, the long-term outlook is still positive. The Land Registry’s latest figures show that the average house price in Wrexham during July was £201,514. This represents a 0.5% decrease compared to June. However, it’s crucial to keep in mind that this small dip…
-
ONS House Prices – July 2024
Good news for sellers in Scotland as house prices rose, but the market cooled across the rest of the UK, with London seeing a slight dip, according to the latest data from the Office for National Statistics (ONS) The average UK house price in July 2024 was £290,000, a rise of £6,000 compared to July…
-
ONS Price Index of Private Rents (PIPR) – August 2024
New figures from the ONS reveal that private rents in the UK have risen strongly again, let’s dive into the details: Record-Breaking Rent Increases The average UK private rent surged by a staggering 8.4% in the year leading up to August 2024. While this is slightly down from the 8.6% increase in July, it’s still…
-
House prices climb closer to record high – Halifax
UK house prices are on the rise again, creeping closer to the all-time highs we saw back in 2022. But what does this mean for those looking to buy or sell? The average UK house price in August reached £292,505, according to new figures from Halifax. That’s a jump of 0.3% from July and a…
-
Gwynedd House Prices Soar Above Welsh Average
June saw an impressive 2.3% jump in property values in the Gwynedd area, outstripping the Welsh average of a 0.3% increase. This means Gwynedd also beat the UK’s overall growth of 0.5%! Over the past year, Gwynedd house prices have risen by a healthy 1.5%, adding an extra £2,900 to the average property value. This…
-
Powys House Prices Drop – What’s Happening to the Market?
House prices in Powys have fallen by an average of £11,000 over the past year, according to the latest Land Registry figures. This represents a 4.8% drop in value, making it one of the poorest performing areas in Wales. The average house price in Powys in June was £226,806, down 1.6% from May. Is this…