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October, 2011
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House Prices
WebLetz a Cardiff Letting Agent and Cardiff property Management Company provides letting agent solutions and market information geared towards Cardiff landlords and Cardiff property owners.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company provided a breakdown of The Land Registry House Price Index which was released on 28th October and today is turn of the Nationwide House Price Index.   For the UK as a whole house prices were virtually unchanged in the third quarter of 2011 with most regions seeing a relatively small price movement, seven regions saw a small price increase and six seeing a slight fall in house prices.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company has found that Wales saw its third consecutive quarter of house price rises with a 0.2 per cent rise in the third quarter of 2011. This pushed the annual rate of change from -0.9 per cent to a positive 0.2 per cent and placed Wales as the fourth best performing region in the UK over the last quarter, setting the average house price across Wales at £138,849.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company has found Cardiff property to be the weakest performing in Wales which saw a 2 per cent year-on- year fall. The South Wales (East) sub-region of Wales which includes Blaenau Gwent, Caerphilly, Merthyr Tydfil, Monmouthshire, Newport and Torfaen was the strongest performing area.
Across the Welsh regions the average Cardiff property price is £204,599 a drop of 2% on last quarter, Mid and West Wales average house price stands at £152,257 a drop of 1 per cent on quarter two of 2011, North Wales average house price is now £168,018 a gain of 1 per cent on last quarter, South Wales (East) average house price £160,224 a 2 per cent increase on last quarter and South Wales (West) average house price £154,822 and a gain of 1 per cent on last quarter.
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
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