21
May
Is now the time to snap up high-end properties in south Wales?
It could be the ideal time to invest in a high-end property in south Wales.
According to a report on WalesOnline, a number of unusual
residences across the country are going for considerably less than
they were over recent years.
It cited the examples of Llanerchydol Hall, which has come down in
price from £3.25 million to £2.45 million.
Meanwhile, mansion house Plas Rhianfa has tumbled by around £1
million.
According to Tony Morris-Eyton from Savills, the owners of abodes
such as these are adjusting their asking prices in order to make
sales.
He added: "It's always a fairly narrow market and we need rich
individuals with the willingness and the ability to buy those sort
of houses and also to run them and adapt them."
Recently, the Land Registry released figures which showed that the
typical value of homes across Wales in March was £150,648,
which was up on the £149,664 recorded during the previous 28
days.
