The value of properties in Gwynedd and Anglesey remains strong despite a national drop in house prices.
The latest Land Registry figures indicate that the average price of a house in the UK dropped by 0.9 percent this January compared with a year earlier.
Wales saw the greatest year-on-year dip with a fall of 6.1 percent, meaning the average property now costs £116,217.
However, leading estate agents Dafydd Hardy, who have offices across Gwynedd and Anglesey, have had a good start to the year with their prices remaining strong.
The North Wales based estate agents have seen a dramatic rise in the number of enquiries through their website and local newspaper advertisements in the first 2 months of this year.
Co-director of the company, Dafydd Hardy said: “Prices are holding, although some clients are still unrealistic in their asking prices being too high.
“When the client listens to our advice their property will get more viewings and sell in a shorter space of time.”
“In fact a recent survey carried out by the Bangor Management Centre showed that we sell more properties within 10 weeks of being placed onto the market than any other agent in the area.”
There is also good news for landlords with demand for rental properties in areas of north west Wales, especially Bangor, outstripping supply.
Three and four bedroom family homes are particularly sought after and can attract rents of between £700 and £1,000 per month.
10 March, 2011
© Dafydd Hardy 2020
ICO No. Z5270977, VAT No. 862 733902 , TPO No. T01711, RICS Ref. 006976 , Rent Smart Wales. LR-13005-838
Dafydd Hardy is a trading name of Dafydd Hardy Estate Agents Ltd, Registered Company Number: 03733706
Registered Office: Victoria House, Plas Llwyd Terrace Bangor, Gwynedd, LL57 1UB