Welsh house prices

Disturbing article yesterday on house price falls in Wales.

It suggests that Wales has done better than the UK average during the last few years in terms of the value of housing, with Welsh house prices increasing by 188 per cent since 1998, slightly higher than the UK average of 176 per cent. However, this trend is reversing just as quickly

According to the latest figures from the Land Registry for property transactions completed in April, the average home now costs £153,864, some 5.9 per cent down in a month.

Those areas which have had 10 per cent price decreases include Merthyr Tydfil and Pembrokeshire which means that any young person in those areas who has saved up a small deposit to buy their first home are already in negative equity.

Other counties which look set to follow this trend include Torfaen, Conwy, Swansea and Newport."

Popular posts from this blog

THE IMPORTANT IMPACT OF STARTUPS ON THE WELSH ECONOMY

THE IMPORTANCE OF FRANCHISING

UNIVERSITIES NEED TO BE AT THE HEART OF THE ECONOMIC RENAISSANCE OF THE WELSH ECONOMY