South Wales Property Market – A Seller’s Market
With the traditional Easter selling season fast approaching, property portal, Rightmove have issued some strong statistics* that might just persuade you to put your house on the market.
Across the UK, the average house price has risen by just short of £2,500 in the past month alone, with the overall average house price sitting comfortably at £321,064. Rightmove has called this boom ‘the best sellers’ market of the past ten years.’ It appears that this increased demand is a result of the knock-on effects of Coronavirus lockdowns and additional Government incentives. Earlier this month, the Welsh Government announced the extension of the temporary increase to the nil rate band of Land Transaction Tax for residential property transactions until 30th June 2021.
Rightmove predicts house prices to continue to rise throughout Spring, with Company Property Data Director, Tim Bannister saying; “Blossoming buyer demand coinciding with blossoming gardens should put a spring in the steps of sellers, and more of them coming to market will provide a much-needed increase in the choice of property for the many who are looking to buy.”
Here at Key Executive Sales, we couldn’t agree more. Our Sales Manager, Chris Ashton has said “for every one new instruction we have, there are between 25-30 enquiries. It is great to see such a boom in the market following a difficult 12 months and it shows promising signs that I hope will continue.”
If you would like to put your house on the market, we offer a free valuation with no obligation. Please get in touch with our friendly team to find out more information on the following:
02920 489 000
*Data Source: https://www.rightmove.co.uk/news/house-price-index/
Published: March 17, 2021BACK TO NEWS LIST