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.........
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