Monday, 7 September 2015

The Heath Property market outperforms Cardiff’s by 29%....


The subject of Heath and its popularity was brought up in conversation by a couple of solicitors I met at a recent networking event in Cardiff last week.  I said Heath (and the immediate surround neighbouring areas) has property for everyone. At the top end of the market, are those lovely bay front semi detached houses in the ‘Saints area’, next, for those that might find those 1920’s semis out of their budget and on our door step, we have the plain looking (yet decently built and good sized) Roath Park 1960’s/70’s development of semis through to Victorian terraced houses and the odd modern apartment block.

 
Over the last month 1,127 properties have been put on to the market in Cardiff (excluding Heath). Of those 1,127 properties, 218 have found buyers – so just under 1 in 5 houses are sold subject to contract - an impressive 19.34%. Yes, very impressive, until you look at Heath. Of the 52 properties that have come on to the market 13 of those 52 have found a buyer – meaning one in four sellers have sold subject to contract. That means the Heath property market has performed nearly a third better than Cardiff, as 29.2% proportionally more sellers have sold than the rest of Cardiff.

In the coming months, we will discuss the property prices in Heath in greater detail, but to give you a sneak preview, average property values in Heath have risen 163.21% since 1995 – impressive don’t you think!
If you want to pick my brain on any aspect of the Heath property market, feel free to send me an email or pick up the phone.





No comments:

Post a Comment