With its county town of Carmarthen, a rich history rooted in Roman times, the splendour of Kidwelly Castle towering above the river Gwendraeth and the beauty of the stunning scenery that can be taken in during the many walks along the Wales Coastal Path, it’s not difficult to see why Carmarthenshire holds such appeal for people. In this article, we turn the focus onto what is happening to property prices in the area and the reasons that Carmarthenshire is currently so hot in the property market.
What Has Happened To House Prices in Carmarthenshire?
According to data from Principality Building Society’s Wales House Price Index for the period of April to June 2021, the average price of a house in Carmarthenshire increased by 19.9%, taking the average to £190,176 for a property. The Price Index details the increases and decreases in property prices for all 22 Local Authority areas of Wales. This was the highest increase seen across all 22 local authorities – great news for those looking to sell a property in the area. Conwy to the North was the next highest average price increase at 19.7%.
Why is Carmarthenshire Enjoying The Highest Increases?
With the county enjoying the stunning scenery of the Cambrian Mountains to the North and the tranquil beauty of the longest beaches in Wales, stretching for miles with the Wales Coastal Walk for company and affordable property prices, Carmarthenshire seems the natural choice for those seeking a life away from the hustle and bustle of the city. With a trip from Carmarthen to Swansea taking around 40 minutes, with further links via the M4 and several trunk roads to other cities, the ease and convenience of connections from Carmarthen to other parts of Wales and the UK is clear.
What About Property Prices Wales In General?
According to a report by the BBC, Rightmove found that Wales enjoyed the biggest increase in average property prices in the whole of the UK, with a rise of 2.3% in July alone and 10.9% year on year. In the same report, the Principality Building Society detailed a new high for the average price of a property in Wales of £215,810. The reasons for Wales enjoying this property boom could range from the recent lockdowns sparking a desire to move away from the crowds of cities to the open spaces of the countryside and the beauty of the coast. With houses historically more affordable in Wales and lockdown seeing a huge shift to working from home and removing the need to live within a commutable distance of work, a move to Wales is an attractive prospect for many.
Considering a move to the Coast?
If you are considering a move to the peace and tranquillity of the country or coast, why not talk to our property professionals. With our professional approach to sales and letting and over 80 locally owned estate and lettings agencies across the UK, we can help make your dream move become a reality.
