Property prices in Wales up 4.1% year on year in second quarter of 2019

Property Wire | July 15, 2019

Residential property prices in Wales increased by 4.1% on an annual basis in the second quarter of 2019, taking the average house price to £186,360, the latest lender index shows. Quarter on quarter prices increased marginally, by just 0.1%, while sales fell by 0.1% compared with the second quarter of 2018, according to the index from the Principality Building Society. Tom Denman, chief financial officer at Principality Building Society, pointed out that the increase in house prices annually in Wales is linked to the increase of sales ahead of the Land Transaction Tax introduction in April 2018 resulting in a dip this time last year, rather than any sudden increase in housing demand in Wales during the second quarter of 2019. Six local authority areas recorded new peak prices in the second quarter with prices in Bridgend reaching £169,980, in Carmarthenshire £166,057, in Gwynedd £187,142, in Neath Port Talbot £135,924, in Pembrokeshire £204,281 and the Vale of Glamorgan at £261,450. Principality’s report also showed a trend in the last three months of rising house prices along the coastline from Conwy, Pembrokeshire to the Vale of Glamorgan, suggesting a potentially strong demand for holiday and second homes in Welsh coastal areas.

Spotlight

In this video, we are discussing a very important topic and that is online real estate websites and deals, how can you be better than your competitors and secure the lead. You may have lots of people interested in your deal or your advertizement, but these people are likely to see many others too and scroll through multiple sites before making a decision. The key indicator that will make you stand out is that you reach out to them as soon as possible, if you have their email, email them back right away. Even better, if you have an option to add a phone number and they have added this, call them back to discuss the deal further.

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Spotlight

In this video, we are discussing a very important topic and that is online real estate websites and deals, how can you be better than your competitors and secure the lead. You may have lots of people interested in your deal or your advertizement, but these people are likely to see many others too and scroll through multiple sites before making a decision. The key indicator that will make you stand out is that you reach out to them as soon as possible, if you have their email, email them back right away. Even better, if you have an option to add a phone number and they have added this, call them back to discuss the deal further.

REsimpli is an intuitive, all-in-one real estate software built for real estate investors that require little to no customization, so you can have your CRM up and running in minutes. REsimpli empowers your business with real-time data, allowing you to close on more deals while worrying less. Benefit from Calling, Texting, List Stacking, Driving 4 Dollars, and more all built within REsimpli.

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