Online House Hunter: Welsh wonders
PARTS of Wales seemed to fare worse than most in the latest Land Registry House Price Index. The index lags a month behind so the latest figures are actually for April but they make for bleak reading. And not for the first time.
While the national annual change in house prices was down 1.3 per cent, there were some areas that saw drops of more than five per cent. Merthyr Tydfil saw the UK’s greatest annual price fall – a terrifying -15.7%.
A number of complex economic reasons are suggested for this state of affairs and estate agents still talk optimistically about a ‘well placed for revival’ market.
Of course, falling house prices may be bad news for home owners, those wishing to move or those hoping the nest egg will fund their retirement but it can be good news for others. Those wishing to invest in property and those looking to buy should be heartened by such bargains now on offer. Sadly the sales volume figures for Wales don’t suggest that low prices are – as yet – sparking a big rush to buy, buy, buy.
Take a look at our search engine to see the wide range of properties for sale throughout Wales.
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