“Wales attracts property buyers who are looking over a wide price range as it offers an excellent lifestyle balance,” says Matthew Jones of Watts & Morgan.
“Close by there is nature in abundance: beaches, waterfalls, mountains, woodland, historical sites and more. You can collect the children from school and head straight to the beach or walk in rural valleys. Wales provides a healthy work/life balance. Prices are lower than London and the Home Counties, and with the ever-improving transport links Wales is a real option for the part-time London commuter who can work some of the week from home. Trains from Cardiff can now reach London in about
two hours.
“The Vale of Glamorgan alone offers rolling green pasture land, coastline with beaches of outstanding natural beauty, and the vibrant city of Cardiff close by. Wales is also an extremely popular second/holiday home choice for many, including those living in Birmingham and other Midlands’ cities.
“It was a difficult market last year due to the introduction of Land Transaction Tax in Wales in April 2018. This replaced Stamp Duty and was intended to be more equitable (but is generally more onerous for buyers purchasing properties over £400,000). Multiple Dwellings Relief – available on appropriate properties – on the other hand can mean a significant saving. There’s a much better market this year, with activity increasing, both in terms of properties coming to market and people looking for larger properties to buy.”
