29 Jan

House for sale in Cardiff 'could be more affordable'

House for sale in Cardiff 'could be more affordable'

The latest figures from the Land Registry indicate that a house for sale in Cardiff might be comparably more affordable than in the other capital cities of the UK.

In London, the average property price has increased by 6.1 per cent over the past year.

However, a house for sale in Wales over the same period has typically dropped in value by 2.5 per cent.

Over the past month alone, property prices in Wales have fallen by two per cent, suggesting that a house for sale in Cardiff may be more affordable now than was previously the case.

London is not the only place where prices are rising, as the Land Registry notes seven regions of England and Wales have seen values increase over the past year.

The average house for sale in Cardiff now costs £142,790 - slightly more affordable than in December 2008, when the typical property valuation was £144,073.ADNFCR-1222-ID-19587207-ADNFCR

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