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Regional Property Market Update Autumn 2020: West of England and South Wales

Posted on: Tuesday, October 27, 2020


It is estimated that nearly two million people own buy-to-let property across the UK (Resolution Foundation 2019), with property being regarded as a ‘safe-haven’ asset. At 4.7% and 5.7% respectively, the gross yields on residential property across the South West and Wales are attractive.

Areas across Wales currently offer the most attractive returns, taking nine of the top 10 rankings. Blaenau Gwent is at the top offering a gross yield of 6.7%.

Average gross yields on residential property are attractive, with positive rental and house price growth

West and South Wales Regional Property Market Report Autumn 2020

Strongest housing markets across the West of England and South Wales

Property prices in the South West were 4.3% higher year-on-year, and 2.8% higher across Wales   since the housing market reopened in June. Year-on-year prices have dipped in just four areas. Activity across the UK has been brisk; nationally the average time taken to sell a property fell to 53 days in August, down from 62 days in August 2019. Sensible pricing remains crucial, as correctly priced properties are nearly twice as likely to be sold ‘subject to contract’ within four months of listing than those that have had their asking price reduced. Homes in the South West are selling, on average, 10 days quicker than a year ago.

West and South Wales Regional Property Market Report Autumn 2020 2

 

VIEW THE FULL WEST OF ENGLAND AND SOUTH WALES REGIONAL REPORT

 

Properties for sale in the West of England and South Wales region

Clifton, Bristol, 3 bedrooms

apartment in three storey Victorian stone townhouse with pillars

This stunning three-bedroom apartment within this attractive Victorian townhouse is set in the most sought-after residential area in Clifton, within a short walk of Clifton Village. The property has a large open-plan living, kitchen and dining space, which overlooks Clifton and Clifton College playing fields.

Cyncoed, Cardiff, 4 bedrooms

white dormer bungalow with beautiful english country front garden

This attractive detached dormer style family-sized bungalow boasts spacious accommodation throughout and is within Cardiff High School and Lakeside Primary School catchment and in close vicinity to the local shopping parade at Roath Park Lake. On the ground floor, there are four reception rooms, including a conservatory and the property is surrounded by attractive gardens.

Stroud, Gloucestershire, 4 bedrooms

beautiful sandstone country family house with grass front garden

Quietly tucked away within this highly desirable private road on Rodborough Common, this detached modern home enjoys a private setting overlooking the adjoining field and is just a short walk from the expansive National Trust common land. Constructed as one of the favourable 'B' types, the property is both well-proportioned and immaculately presented throughout, with the accommodation extending in all to 1,513 sq.ft.

VIEW THE FULL WEST OF ENGLAND AND SOUTH WALES REGIONAL REPORT

 

Regional Reports

Click to see the market reports in other regions: 

●          Market Report 2020 Autumn South West

●          Market Report 2020 Autumn East Midlands

●          Market Report 2020 Autumn Essex, Norfolk and Suffolk (East)

●          Market Report 2020 Autumn Hertfordshire, Bedfordshire and Cambridgeshire (East)

●          Market Report 2020 Autumn London

●          Market Report 2020 Autumn North East and Yorkshire

●          Market Report 2020 Autumn North West and North Wales

●          Market Report 2020 Autumn Northern Ireland

●          Market Report 2020 Autumn Scotland

●          Market Report 2020 Autumn South East Home Counties - Kent and East Sussex

●          Market Report 2020 Autumn Southern Home Counties - Surrey and West Sussex

●          Market Report 2020 Autumn Southern

●          Market Report 2020 Autumn Thames Valley, Berkshire, Oxfordshire and Buckinghamshire

●          Market Report 2020 Autumn West Midlands and Wales

 

Contact us

If you would like guidance on buying or selling your home with the best agent in your area, find your local Guild Member today.

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I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

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Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

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I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

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Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

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We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

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I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

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We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

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What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

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How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

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