Current Welsh spring property market the strongest for a decade!We are currently experiencing the strongest spring sellers' market in the past 10 years as the number of home hunters remains at record levels, due to the pent up lockdown demand and current government incentives, such as the extension to the Stamp Duty (Welsh Land Transaction Tax) holiday.
Despite continuing restrictions, Rightmove have reported that in Wales the average price of property coming to market has increased by 8% over the past year, currently the highest annual growth rate in the UK.
The property portal have also recorded 40% more visits to their website than in February 2020 and the number of potential buyers enquiring about each property is 34% higher than the same period a year ago, which was still an active market before the first lockdown.
Andrew Barry, Peter Alan Managing Director, commented, “The local property market is very active at the moment with more people than ever looking to move home.
For those considering selling, now is certainly the time to get your property on the market in order to make the most of the favorable conditions. We’re seeing the greatest excess of demand over supply over the past ten years, meaning sellers are in a, excellent position to achieve a good price and a quick sale.”
If you have a property to sell, please visit www.peteralan.co.uk/#valuation for a free instant online valuation or get in touch with your local branch directly if you would like to book a free market appraisal.
We understand that even though you want to sell, you might have reservations about welcoming people into your home, which is why we work hard to ensure our practices are always ‘Covid-Secure’. In fact we have gone above and beyond this and work to a ‘Gold Standard’ ensuring the maximum protection for our customers, communities and staff alike.
We follow strict physical distancing guidelines, wearing PPE to include face masks and gloves and maintain excellent hygiene practices when entering properties or when you visit us in branch. We provide 360˚ virtual viewings and request our customers to comply with regulations when attending face–to-face viewings, giving you some peace of mind.