With inflation running high, the Bank of England increased its base rate to 1.25% in June, with another 0.5 percentage point rise forecast before the end of 2022 and potential for a further 0.25 percentage point rise in 2023. The typical margin between mortgage rates and the bank rate (1.5 percentage points over the last year) suggests the average new lending mortgage rates will be over 3% by the end of 2022. The vast majority of new mortgage borrowers are on fixed rates (representing 92% of new loans over the last 5 years) offering protection from rising payments, at least until the fixed t ..read more

So property in the UK and especially Cardiff has seen crazy prices for property and it doesn’t seem like stopping. The good news is that it is slowing down, a little. However, demand still out weighs supply and supply continues to fall to record lows. This means that more homes are being sold at record prices and bidding wars will continue, for the time being anyways. The average price of property in Cardiff is now £239,934 and prices have increased 9% in the last 12 months and 28% over the last 5 years. So which areas of Cardiff and South Wales have had the greatest price increases? Thornhill ..read more

Its great to have the Cardiff property data from the Census. Analysing this we can compare Cardiff of 2011 to Cardiff 2021. There are about 358,883 people now living in Cardiff. The overall population has increased 3.9% in the ten years between 2011 and 2021. How does 358,883 break down into ages and how do they live together? New Development – in the last 5 years 4931 new homes built accross Cardiff, thats an average of 986 per year. Thanks to H&M Properties who provide high quality property management, lettings and sales services to the people of Cardiff and Vale. The post Cardiff, L ..read more

You may rent out one property; you may rent out many. Either way most landlords are now choosing letting agents to do this for them. Agents take the burden off the landlord with the mine field of legislation, hard work finding the right tenant, getting the tenant referenced and moved in, maintaining the property and managing any issues in a professional manner. Nearly all landlords will have different prioritised criteria that they want, so it’s only right that you pick an agent that works for you. However, choosing the right agent can be the difficult part. The biggest no no in the property b ..read more

Our outlook scenario for house prices is of a market slowdown and mild price falls. Lower transaction volumes but better than suggested by recent low mortgage approvals data. There are reasons to be positive about the housing market and the outlook has improved since Liz Truss stepped down. The interest rate market is calmer, employment remains strong and Government policy favours home ownership. Potential pressures to watch are weaker economic growth; a new norm of higher interest rates; weak consumer and investor confidence; worsening or prolonged cost of living crisis and a lack of first-t ..read more

Tim Bannister, Rightmove’s director of property science, said: “The interest rate brakes being applied more strongly to slow the economy are now beginning to bite in the housing market”. The number of sales agreed in June is 12% behind 2019’s more normal market level. Transactions in Cardiff are 21% lower than last year which is a large drop in current supply. This helps keeps the values temporarily buoyant. It is reported that “right-priced” homes are still attracting motivated buyers due to the shortage of property for sale compared with historic norms. http://www.handmproperties.co.uk The ..read more

This shows the change in average asking prices of property in Wales to August 2022. Note, this is not actual sales prices where our data is normally calculated from. Need help with a property? Selling, renting, managing? Get in touch. Press the chat button below or visit the agency website www.handmproperties.co.uk The post Wales beating the trend first appeared on Cardiff Property Information ..read more

visit us at www.handmproperties.co.uk The post Taking the stress out of property management… first appeared on Cardiff Property Information ..read more

The property market is busy, with the start of 2022 seeing no slowdown in sales activity. Nearly 107,000 sales were recorded in January. Except for 2021, this is the strongest start to a year since 2007 and up 10% on the January average (2012–2021). Demand continues to outpace supply, sustaining pressure on prices. Rightmove report the biggest monthly jump in the asking price of newly- listed property since 1994. In a sign of more balance returning in future months, home valuation requests were up 27% in January year-on-year, and up 50% compared to 2020 (Rightmove). Source: Dataloft, HMRC ..read more