Three areas of Wales are the cheapest per square metre of property in the UK. Blaenau Gwent, Merthyr Tydfil and Neath Port Talbot, were amongst the five cheapest areas according to new figures from the Office of National Statistics.*
When it came to Cardiff, the ONS found that the price per square metre was £2,161, compared with £777 per metre in Blaenau Gwent.
In Cardiff, the cost per habitable room in 2016 was £46,137 the highest in Wales. That has increased by more than £8,000 in 2012. The Vale of Glamorgan was the second most expensive at £44,386.
London were the areas which had the highest cost per square metre, with Kensington and Chelsea came the highest at £19,439 in 2016.
Ross Hooper-Nash, Managing Director of Jeffrey Ross, said: “These figures show what a buoyant property market we have in Cardiff at the moment and that even when we are facing political and economic uncertainty with Brexit that property prices in the capital are on the up.”
First time buyers are willing to buy on average around 26 minutes away from their preferred location, according to new research.
More than two thirds (70%) of those surveyed by the Post Office said that they would be willing to travel further to find their perfect home.
Sixteen per cent said they didn’t have to change their expectations when buying, while five per cent said they had compromised on a garden, and three per cent were flexible when it came to a property having a parking space.
Only 4 per cent of the first-time buyers questioned said they had taken on property that needed structural work.
Around 80 private landlords and property developers were invited to the SSE stadium by Jeffrey Ross Estate Agents for a croissant and a coffee and to gain an insight into the local property market and learn about changes in property legislation and tax.
Rental growth in Wales and the east of England has overtaken London, the latest Your Move Buy to Let Index has revealed.
The data shows Wales was home to the biggest rent rises in the 12 months to April, increasing 8.5% to £602 per calendar month.
Changes in tax charged to landlords could see a sharp rise in rental costs, according to the Royal Institution of Chartered Surveyors (RICS).
There were more first time buyers looking for homes last year than at any time since the financial crash of 2007, according to research by the Halifax.
Homes numbered 13 worth £9000 less than similar home, according to new research.
Buy to let borrowing down by a quarter on two years ago
Property prices increased by 6% in November compared to the same time last year, according to Halifax.