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Nice Drop In Cardiff Top End

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I've often wondered who the heck (apart from property speculators and footballers) buys these £500k+ properties in places like Cardiff and Swansea. Some of these expensive houses in places like Cyncoed have been on sale for over 4 years.

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I've often wondered who the heck (apart from property speculators and footballers) buys these £500k+ properties in places like Cardiff and Swansea. Some of these expensive houses in places like Cyncoed have been on sale for over 4 years.

What about professional couples in their 40s who rode the last boom up? They might have £200k+ in equity. Combined income of £100k on a 4x salary mortgage (I.e "mortgaging to the hilt") and loads of these £500-700k houses are within reach . They may well be expecting future HPI from personal experience and would view £700k for a house in Mumbles or Langland as normal. There's more of them than footballers and speculators.

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yeah but look at the state of it! would likely need 200k to update it! everything would need to be replaced and some remodelling wouldn't go a miss

yep same goes for almost all the houses on sale in Cyncoed at the moment...its a start though, its a very big house, and others will have to follow....

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I've often wondered who the heck (apart from property speculators and footballers) buys these £500k+ properties in places like Cardiff and Swansea. Some of these expensive houses in places like Cyncoed have been on sale for over 4 years.

..plenty of people on Cardiff can afford 500K+ properties , you need to take into account all the self-employed small-large business owners in the area...all those who bought property over 10 years ago and those who have inherited a property...

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