Will March hold the key?
In the Wales region, the average property price is £523,026 which represents a 7.56% annual change. The premium price threshold in Wales is £400,000, which means that the top 5% of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £276. The total value of sales over the past year has been £738 million with 30 sales at or over £1 million.
The Wales Premium Market
Apart from Merthyr Tydfill, all areas within Wales have seen an increase in the average property price. The average price in Swansea increased by the greatest amount in the region at 15%, followed by Newport with a 13% increase. Pembroke/Tenby and Wrexham had an 8% house price increase, Barry increased by 7%, prices in Cardiff and Neath increased by 3%.
The highest premium threshold in Wales is in Barry at £580,000, with Cardiff in second at £476,000.
Daniel Thomas, Managing Director of Fine & Country Cardiff, comments on the region:
“Lifestyle change is still driving demand and the premium property market remains brisk across Wales. As buyers look to escape to the country, we are seeing an increase in popularity of rural properties with land. However, the strange year we all experienced last year combined with the increased demand means there is a real shortage of good quality property available and properties are selling faster than they are coming to market. This is great news for sellers as it has resulted in us achieving an average sale price of 105% of asking price so far this year.”
Properties for sale in Wales
With fifty five acres of paddocks, woodland with private riding and a stunning lake, The Cot is an excellent equestrian property providing a fantastic rural lifestyle while still in easy access of the M4 and Cardiff and Swansea.
This delightful, country character home is set in a convenient location with spacious living accommodation and beautiful views over the Monmouthshire countryside. This charming period house is ideally placed for access to Abergavenny, Monmouth and Usk. The recent addition of a beautiful, contemporary garden room complements the more traditional rooms of the original building and the kitchen and breakfast room to the rear offers the potential to extend.
This attractive, detached period farmhouse has been beautifully refurbished along with a separate one-bedroom cottage, set some way from the house, and has an extensive range of outbuildings including a superb office/studio. The property is set in circa 12 acres with the most breath-taking views across the Brecon Beacons.
Looking to sell your home with experts in premium property? Get in touch with your local Fine & Country agent today.