Tag: Wales
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Flat Owners Struggle to Climb the Property Ladder
Owning a flat is meant to be a stepping stone to your dream home, but for many, it’s become a financial dead-end. Thousands of flat owners are finding their properties are worth less than they paid for them, making it impossible to sell and move up the property ladder. Research by estate agent Hamptons reveals…
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Seaside Bargains – Welsh Towns Top the Charts for Property Price Growth
Property portal Rightmove has revealed two Welsh towns amongst the hottest spots in the UK for bargain properties, with prices predicted to rise even further. If you’re looking for an affordable place to put down roots, then Colwyn Bay and Port Talbot should be on your radar. Rightmove’s data analysis reveals that both towns have…
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Mortgage Market Gets a Much-Needed Boost! Who Has the Best Rates?
There’s a ray of light in the mortgage market as some of the top rates have started to drop. This comes as the Bank of England reports that mortgage borrowing shot up from £1.3 billion in May to £2.7 billion in June! While the number of mortgage approvals stayed steady at 60,000, this surge in…
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Retail Property – Footfall Booms as Brits Hit the Shops
The summer holidays are here, and Brits are back to shopping – especially if it means a family day out. This week’s footfall figures show a clear increase in retail activity, and that could be good news for property investors. Family Fun Fuels Footfall The school holidays have kicked off, and people are heading out…
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House Prices Up £1,815 – Nationwide
Good news and bad news for UK homeowners this month. The average house price went up by £1,815 in June, but while some parts of the country are booming, others are seeing prices fall. The Nationwide House Price Index, which tracks what’s happening in the property market, says that house prices are now 1.5% higher…
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Paragon Slashes Rates on Two-Year BTL Mortgages
Paragon Bank has just announced some tempting new rates on their two-year fixed-rate buy-to-let mortgages. So, if you’re looking to buy or remortgage a property, now could be the perfect time to grab a deal. Paragon are offering rates starting from just 3.89% for single self-contained properties with good energy ratings (A to C). That’s…
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Blackpool Facing Housing Crisis As Sales Plummet Despite Affordability
New research shows that Blackpool has the biggest drop in property sales in England and Wales since 2008, despite homes in the seaside town becoming more affordable. Experts believe the drop in sales is a sign of a chronic lack of available housing in the town. This trend is at odds with the rest of…
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Welsh House Prices on the Rise Again!
Good news for sellers as average prices climb above £236,000 House prices in Wales have finally started to rise again after almost a year of falling prices. The average price tag on a Welsh house is now £236,369, that’s a jump of 3.1% since April this year. This is a welcome change for anyone thinking…
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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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Manchester One of Best Areas for First-Time Buyers
New research reveals Greater Manchester is one of the easiest places to buy your first home. It’s tough out there for first-time buyers. House prices are through the roof and rent is going up faster than a rocket! But don’t despair – there are still some bright spots for those dreaming of owning their own…