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October, 2011
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Welsh House Prices down 5.8%
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions and Cardiff Property Services for Cardiff landlord and property investors across South Wales. Our aim as Cardiff Letting Agents is to provide a cost effective alternative to the traditional lettings agents’ model by providing a low cost, fixed price tenant finders and property management services.
Today, Friday 28th October 2011 has seen the release of the Land Registry House Price Index which has seen Welsh house prices drop a hefty 5.8 per cent from this time last years and a monthly change of down 1.7 per cent resulting in an average house price of £117,813 across Wales. The overall situation across England and wales as a whole is less dramatic with England and Wales combined seeing an annual fall of 2.6 per cent and a monthly fall of 0.3% with today’s average house price being £162,109.
How have Welsh house prices faired compared to the other regions across England? The only region to experience a positive annual price change is London with a movement of 2.7 per cent. The region with the largest annual price fall is the North East with a movement of-8.2 per cent. The North West saw the greatest monthly price rise with a movement of 1.0 per cent. The North East is the region with the most significant monthly price fall with a movement of -3.9 per cent.
Most Welsh regions have seen a fall in house prices with Bridgend seeing the largest annual fall of 9.6 per cent and Cardiff seeing a 2.9 per cent fall from this time last year with the average house price in the Welsh capital being £142,817. The only Welsh region to have bucked the trend is Merthyr Tydfil which saw a 1.9 per cent annual gain with the average house price now £73, 468.
WebLetz a Cardiff Letting Agent aim is to keep Cardiff landlord and property investors across South Wales up to date with the latest news and information that affects their property portfolio as well as providing cost effective letting agent solutions and Cardiff Property Services.
WebLetz a Cardiff Letting Agents provides a host of letting agent solutions for landlord in Cardiff and across South Wales including:
·         £120 tenant finders service
·         5% property letting 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 or by telephone 0845 496 0000.
Why not visit Cardiff Letting Agent to register for our FREE guides:
·         Find the  Perfect Tenant for free
·         Reduce Void Periods and Receive Rent on Time
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