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Hopeful FTB

The Market In South Wales- On The Decline

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According to a lot of media reports, the market in south wales is still rising. Was down there at the weekend and its a very different story. In cardiff, there was a street of terraces with at least 15 to let signs in houses- lots of people have tried to cash in on the BTL market down there but there are a lot of empty houses.

A friend also told me that nothing is selling, especially in the valleys where they have some of the poorest people in the uk and the lowest wages. A house that costs 100k in the valleys is way out of the price bracket of most local people.

Wales was apparently one of the few places that was still rising but this trend has definatly stopped as the houses are just way way way out of reach of everyone. South wales has a real "keeping up with the jones's" culture and its going to hit very badly as there is a lot of debt there.

Have read all the articles over the weekend that are finally acknowledging a declining market- there was definate evidence of this in south wales at long last.

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In cardiff, there was a street of terraces with at least 15 to let signs in housesdeclining market- there was definate evidence of this in south wales at long last.

Yup, but Roath/Cathays are big student areas - always a lot of To Let signs in the summer holidays - wouldn't read too much into it. If it's the same in October, once all the students should be settled, then it's time to worry.

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The South Wales property market is in trouble at the moment - most EAs will admit it quite openly these days. The Western Mail, etc., are running loads of VI stories, but it's too late - sentiment has turned.

Edited by gruffydd

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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