advert

COMMENT

Jules' property predictions


The dramatic turnaround in the property market may help reinvigorate many rural communities, says Jules

by Webmaster, 20th May 2021

The dramatic turnaround in the property market may help reinvigorate many rural communities, says Jules

Just a few weeks ago, we hit the road once more filming for Escape to the Country – and I was thrilled to begin this year’s property shopping adventures in my old haunt of West Wales.

The rolling hills of Ceredigion, backed as they are to the east with the outline of the Cambrian Mountains, and to the West by the sweep of Cardigan Bay, were drenched with spring sunshine and views as far as the eye could see. Ordinarily, our budget of just under 400k would have been more than enough to secure a classic country escape for our buyers, but as we now know, these are far from ordinary times, not least when it comes to rural property.

When I bought my first home in the foothills of the Cambrians in the mid 1990’s, my small two bedroom cottage cost me just under 30k, and whilst it was in need of complete renovation, the final bill still came in for less than double the purchase price. In the intervening years, prices did of course rise, but it was a steady, measured increase that reflected the economic draw of the area. Salaries with most local jobs would never have sustained a huge hike in property prices, whilst the lack of investment in new businesses and its geographic location, ensured that Mid and West Wales was, in national terms, a housing market backwater.........

.......to continue reading Jules' column, download the new digital version of Welsh Border Life for free here

Share this...

More

Jules Hudson - BBC presenter Jules Hudson explains why autum...

Beat the uncertainty - Covid has caused financial fears for many of ...

Mind the gap - Divorce is an emotionally charged event and c...

Family ties - A little thought, and forward planning, provi...

The secret six - Putting aside money and getting it to work fo...

ARCHIVE

Search our archives for other articles in this section