Online House Hunter: Welsh wonders | Alan Cleaver | Independent Property Blogs
PARTS of Wales seemed to fare worse than most in the latest Land Registry House Price Index. The index lags a month behind so the latest figures are actually for April but they make for bleak reading. And not for the first time.
While the national annual change in house prices was down 1.3 per cent, there were some areas that saw drops of more than five per cent. Merthyr Tydfil saw the UK’s greatest annual price fall – a terrifying -15.7%.
A number of complex economic reasons are suggested for this state of affairs and estate agents still talk optimistically about a ‘well placed for revival’ market.
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