THE mad price rises for cheap property in Wales may be slowing, the latest figures suggest.
Prices in South Wales rose by a tiny 0.1% this month, while there was no change at all in North Wales, according to the latest figures from housing information service Hometrack.
However, in Mid Wales, the price growth continues, with a healthy rise of 0.6%. The average price of a cheap property in the area now stands at £140,600.
A cheap property in South Wales will currently cost an average of £127,000, with houses in the north of the nation costing £119,300. Recent research by Halifax highlighted strong demand in seaside towns.
The demand for cheap property and especially cheap houses has never been so high. Buying and developing cheap houses and cheap property has proven to be an effective way of replacing or boosting a poorly performing pension. Investalist are specialists in sourcing cheap houses and cheap property. Thousands of property investors and speculators regulary source cheap property through the Investalist database. The database is updated each day with details of cheap property suitable for refurbishment or development. Our database of cheap property covers most areas of England and Wales.
Investalist recommend using a specialist property lawyer. A lawyer that is used to acting for clients on the sale or purchase of cheap houses and cheap property will be able to offer useful advice to a property investor helping them avoid costly mistakes.
Investalist can also help with the funding of purchases. Many lenders will provide funds for multiple purchases of cheap property, making it possible to build to build a portfolio in a relatively short space of time. Buying cheap houses often provides good capital appreciation and rental income.
As well as cheap houses, the Investalist database offers other cheap property such as land suitable for development.