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gruffydd

West Wales Ea Report

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Just done a round of West Walian EAs on my of my journeys around clients. All were saying interest had died off considerably over the last couple of weeks after an uptick in interest. One said properties in a limited number of hotspots were selling again, but that was about it. Another had seen some plots fall from 80k to 30k in his part of W Wales. Interesting times.

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I get the feeling interest has died down a bit...

Do you go to these EAs to just enquire about sales (hence aren't they fed up of you), or are you visiting on other business and asking how the market it?

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I get the feeling interest has died down a bit...

Do you go to these EAs to just enquire about sales (hence aren't they fed up of you), or are you visiting on other business and asking how the market it?

A mix - I know many of them personally/through business, some simply as a member of the public.

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Guest DissipatedYouthIsValuable
Just done a round of West Walian EAs on my of my journeys around clients. All were saying interest had died off considerably over the last couple of weeks after an uptick in interest. One said properties in a limited number of hotspots were selling again, but that was about it. Another had seen some plots fall from 80k to 30k in his part of W Wales. Interesting times.

30k for a plot?

My parents got an 11 acre smallholding with a collapsing cottage and tinsheet roof for 19k in 1986.

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Just done a round of West Walian EAs on my of my journeys around clients. All were saying interest had died off considerably over the last couple of weeks after an uptick in interest. One said properties in a limited number of hotspots were selling again, but that was about it. Another had seen some plots fall from 80k to 30k in his part of W Wales. Interesting times.

I have an interest in West Wales and have noticed - again, over the past two weeks - that

a number of good properties are available at prices, I would say, 15% lower than a month

or two ago.

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I have an interest in West Wales and have noticed - again, over the past two weeks - that

a number of good properties are available at prices, I would say, 15% lower than a month

or two ago.

Well, one EA, in dear old Cardigan town, told me that prices were down 50% in some places and 'barely 10' in others. If a 10% drop is the best case scenario...

Price falls sounded far worse than the stats suggest.

Seeing how reliant Wales is on public sector employment, we could see prices fall substantially further when the public sector cuts kick-in.

With a shrinking public sector, the economy will be decimated. It's bad enough as it is.

Edited by gruffydd

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Guest DissipatedYouthIsValuable
Well, one EA, in dear old Cardigan town, told me that prices were down 50% in some places and 'barely 10' in others. If a 10% drop is the best case scenario...

Price falls sounded far worse than the stats suggest.

Seeing how reliant Wales is on public sector employment, we could see prices fall substantially further when the public sector cuts kick-in.

With a shrinking public sector, the economy will be decimated. It's bad enough as it is.

Which is why a Welsh cottage will be 30k again.

As long as you can siarad Cymraeg.

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Which is why a Welsh cottage will be 30k again.

As long as you can siarad Cymraeg.

I can remember terraced houses being advertised on postcards in newsagents windows around Caernarvon for £5K-£7K. The vendors didn't even bother with EA's.

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Guest DissipatedYouthIsValuable
I can remember terraced houses being advertised on postcards in newsagents windows around Caernarvon for £5K-£7K. The vendors didn't even bother with EA's.

To get one of those you'd have to siarad Cymraeg through your nose though.

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Well, one EA, in dear old Cardigan town, told me that prices were down 50% in some places and 'barely 10' in others. If a 10% drop is the best case scenario...

Price falls sounded far worse than the stats suggest.

Seeing how reliant Wales is on public sector employment, we could see prices fall substantially further when the public sector cuts kick-in.

With a shrinking public sector, the economy will be decimated. It's bad enough as it is.

When has the public sector ever shrunk ?

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Good info Gruffydd - I noticed today that a few in Swansea West have reduced their asking prices despite apparently buyers returning to the market.

Why reduce if buyers are back in.

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