Known as the mountainous western peninsula of the island of Great Britain, Wales is an interesting region to look for houses for sale.
As you can imagine, the actual price of the houses for sale varies depending on several factors.
This is why, someone looking for a house for sale in this region, should evaluate if the price he/she is willing to invest reflects the real estate market of Wales.
Probably the most notable thing about Wales that landlords should consider is the fact that the amount of land in Wales is very large and there is a significant amount of countryside and land that is wild rainforest in some cases. So, the property market is condenses in just a few areas.
If you are looking to buy or get involved with property in the area, you will most likely be looking at the urban areas such as Cardiff, Swansea, and Newport as they are the most popular locations for tenants.
In addition to knowing where to invest, you should also pay attention to the individual renting laws in Wales Housing Quality Standards and the Wales Renting Homes Act 2016 which set the country apart in terms of renting regulations.
If you aren’t aware of this, you could get caught out and end up not being able to abide by the laws of the country which could result in fines or in the worst case court or you losing the rights to rent your home.
Besides Scotland, Wales also has the lowest average house prices for a five bedroom property in the UK which falls at £522,618 so landlords trying to find cheap large houses may find it best to invest in this region. This statistic indicates that the land is cheaper in Wales as the only thing separating the same property from being price differently somewhere else in the UK is the value of the land.
|An insight into property in Wales|
|Rental Yield||Average house price||Average household income||Average population|
Houses for sale in different areas of Wales
In the next paragraph, we have prepared a list of all the cities in Wales. For each one of these cities, you will be able to see key industry data and demographic analysis.
Data for cities in Wales
Cities starting with A