BlueRhino Posted November 17, 2005 Share Posted November 17, 2005 (edited) Hi, Since about last April I have been trying to keep an eye on the S. Wales market, as I thought I might end up buying in the coming year. After consideration, I have decided to rent for the next year, and keep an eye on it....... here is some data that might explain why... From Rightmove. South Glamorgan______________For Sale___________________ For Rent 3.7.05______________________341____________________20 29.9.05_____________________356___________________11 17.11.05___________________355_____________________14 West Glamorgan 3.7.05______________________453_____________________3 29.9.05_____________________1883____________________123 17.11.05____________________1922____________________187 I also have the following houses from a well known South Wales estate agent's website...... These are seperate houses from the Talbot Green area....all three beds Aug - 99,950 .............now 89,950 April - 99,950............now sstc 92,950 June - 109,950...........now 104,950 June - 126,950...................Aug - 123,950..................now 120,000 and these are from the Bridgend area.... June - 122,950................now sstc 119,995 June - 133,000................now 119,995 June - 122,950................July 119,995.....................now 116,995 June - 113,000...............Aug 110,000......................now 108,500 June - 109,995................July 104,995....................now unchanged June - 109,995................now 101,500 Unless it states sstc, then according to the website, these are still for sale. This data seems to back up The Masked Tulips' experiences from popping into agents for a chat. Surely, I would be a madman to buy when this happening? This is simply data I have collected from the websites. Feel free to check (for any doubters). Maybe someone more intelligent than I can make more sense of these figures in the recent media hype/current economic situation, as I am a self-confessed novice, although I did buy an economic book today as I have never studied it before. Mind you, it did say idiot on the cover.... Thanks for reading BR Edited November 17, 2005 by BlueRhino Quote Link to comment Share on other sites More sharing options...
New Bear Posted November 18, 2005 Share Posted November 18, 2005 I think your decision is wise - and I've done the same thing for more or less the same sort of reasons. Quote Link to comment Share on other sites More sharing options...
big_jay Posted November 18, 2005 Share Posted November 18, 2005 I been monitor the Talbot Green/Miskin and Bridgend areas for past year and have notice that prices are definitely falling back to tune of 5%. However, my wife still wants to buy and absolutely hates renting. Personally, I love the freedom that renting brings. We are able to move to any located with minimum fuss and capital outlay. Quote Link to comment Share on other sites More sharing options...
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