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Regional Property Market Update Spring 2021: North West and North Wales

Posted on: Thursday, February 25, 2021


At 7.0% and 8.5% respectively, average annual price growth in Wales and the North West is significant. Growth is currently stronger than at any point since before the Global Financial Crisis, with eight areas of the North West witnessing double-digit growth. Flintshire is currently the best performing area in North Wales.

Rightmove report average asking prices fell slightly in January, but properties are selling more quickly than a year ago.

 

Annual price growth has strengthened across the UK in recent months

Spring 2021 property maket update - North West England and Wales map

 

Most active housing markets across the North West and North Wales region

Average property prices in Wales and the North West are more expensive than a year ago and activity across the market is robust. On average 3.4% of private properties are sold each year, with turnover in four areas 4% or more. Over 15,400 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.

First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.

 

Spring 2021 property maket update - North West England and Wales house price activity

 

VIEW THE FULL NORTH WEST & WALES REGIONAL REPORT

 

Properties for sale in the North West and North Wales

Wigton, Cumbria, 4 bedrooms

Cumbria white sage green country period home

Brookwell House is a significant period home, set in a popular village and full of character features. The accommodation comprises four reception rooms including a sitting room, study and a living room which opens up to a generous dining room. There is also a farmhouse kitchen-breakfast room, a ground floor shower room, a utility porch and a separate WC. Additionally, the property has planning permission granted to convert an attached barn room into an integral garage, if required.

 

Conwy, Wales, 5 bedrooms

Wales beautiful sunny period family house

This substantial detached residence boasts four reception rooms, five bedroom-suites, plus a self-contained one-bedroom cottage and spacious lawned gardens. This period style residence is situated in a high-profile position located between the marina village of Deganwy and the bustling seaside resort of Llandudno, known as ''The Welsh Riviera''.

 

St Helens, Merseyside, 3 bedrooms

St Helens pretty terraced cottages.

This beautiful, traditional terraced cottage boasts an abundance of living space and fabulous character features, such as exposed wooden ceiling beams, stone walls and original fireplaces. The home provides two reception rooms, a fully fitted kitchen with fitted units, premium worktops and integrated appliances, and three bedrooms. 

 

Contact us

If you want independent guidance on moving home or are looking for 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.

Natalie Quint

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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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