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Swansea Property Market – What To Expect in 2016

Swansea property market 2014

The Swansea property market has been up and down over recent years.
In January Swansea saw the biggest annual house price fall with a 6.6% drop. There was a 14% rise in repossession sales, being the highest figure across the entire U.K.

My name is Mark King and I have over 20 years experience of working within the property market. Regardless of location, age or condition I will buy your Swansea home. I do not charge any fees and for your free valuation please click here.
I adhere to an ethical business promise. I will personally deal with any inquiries or concerns directly. I am your direct buyer throughout the selling process and your information is kept 100% confidential.
Let me help straight away by answering any common questions you may have about selling your home in Swansea.By April 2014, the economy had made improvements and Swansea’s property market was on the up. Two reports were released in April 2014 showed that house prices had risen by 5.2% compared to the national average in 2013.
Sales had also increased by 33% in the area and this selling uptrend was picking up momentum.
The government also introduced a shared equity ‘Help To Buy Wales’ scheme, to help existing homeowners and first-time buyers purchase homes of up to £300’000 with as little as a 5% deposit.

Swansea property market 2015

The current housing market is unpredictable.
As it stands in 2016, The average house price in Swansea has risen by 3% from January 2015. Although, the average 1 bedroom price has dropped by -6%, suggesting this as undesirable housing.
Average house prices in Swansea sit at £149’950 in February 2016.
Average house price of a 1 bedroom house in Swansea sits at £109’520 in
February 2016. The average house prices for property in Swansea can
range dramatically dependent on style, location, and condition of your
home.

The average time on the housing market for property in Swansea is 194 day’s. For an in depth current report click here.

Selling your home in Swansea in 2016.

Selling your home in Swansea can be a daunting task. Estate agents fees and contract terms vary.
Overwhelmingly, Estate agents in Swansea charge between 1.5% and 3% depending on the agreed selling price of your home and what kind of contract you have signed. Unfortunately, this doesn’t include administration fees and VAT, which contributes a whopping 20%.

My name is Mark King and I have over 20 years experience of working within the property market. Regardless of location, age or condition I will buy your Swansea home. I do not charge any fees and for your free valuation please click here.
I adhere to an ethical business promise. I will personally deal with any inquiries or concerns directly. I am your direct buyer throughout the selling process and your information is kept 100% confidential.

If you have any questions regarding the Swansea property market in 2107 please don’t hesitate to contact me on 02920 501 001 or use the contact form on my contact me page – click here.