Money editor, BBC Wales News
BBCThe average price of housing in Wales has increased 4% year after year to £ 238,483, the latest figures of the principle’s construction society.
But the regional image is more mixed, the areas of the local Axis authority 13 have seen an annual price increase, while nine experimenty to Drop.
The Principality said that much of the market strength to date is currently “centered” in southern Wales, with Bridgend, Blaenau Gwent and Cajaphilly reaching “new record prices” between January and March of this year.
The sales number has also increased, with transactions in the first three months of 2025 in fifth place compared to the same period last year.
It is this impulse that Gemma Redmond and his partner Ellis Price Hope help them sell their cardiff floor while planning to buy their first house together.
“We have a dog and a cat in a room of a room, so it is a bit narrow,” said Mrs. Redmond, who works as a veterinary nurse.
The couple has just put the floor in the market and has already lost a house was interested.
“Another buyer surpassed us, unfortunately is the disposition of the Earth at this time,” said Mr. Price.
“Things do not stay in the market and it is difficult to see them on time,” Hey added.
The recent reduction in the base interest rate of the Bank of England and the expectation of more rates cuts later in the year has made mortgages a bit cheaper.
“I am a little apprehensive, it is the first time I buy and this is our first joint mortar,” said Mrs. Redmond, “but it is a good time to get a mortar.”
The real estate agent is Lynch from the Harry Harper agency in Cardiff said that the real estate market was “occupied” at all levels.
“While the properties have an adequate price and are interns, that encourages the consultations,” he said.
“With the base rate to fall again, that is given a little impulse to buyers.”
But the “affordable challenges remain”, according to the analysis of the Principality.
This despite the transactions that reach 10,000 in the first three months of 2025, which suggests that “the buyer’s confidence continues to grow.”
Iain Mansfield, financial director of the Principality, said that the figures showed a “positive start” per year, but touched “a precautionary note” since the cost of living problems, such as the increase in utility and energy invoices, continue to affect household budgets.
He added that there continued to be challenges in some of the coastal and rural areas of Wales, which, according to him, could be partly influenced by “some of the interventions carried out by the Government” in the second houses.
Some local authorities at the tourist access points have increased the council tax for the second houses, while the Welsh government recently increased the land transaction tax for adorned properties.
But observing “all Wales, it is a positive message,” Mansfield said after the last three months of 2024 and the first quarter of 2025 showed a growth in the number of property sales.
“We expect new reductions in the base rate of the Bank of England [and] This affordability will continue to relieve for mortgage clients, based on this positive trend. “
