21 May

Is now the time to snap up high-end properties in south Wales?

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.
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