2023 Property Market: It’s not the headlines but the details that matter…

First of all, we suggest you do not look at the short term. Property has always been seen as a medium to long term investment and price only matters when you want to move. After all, first and foremost to the majority it is your home.

Whilst we hear reports of a depressed market and “experts” stating prices are to fall, most are not looking at the longer-term averages on what is really happening at the coal face.

The property market for the last 60 years has flourished with on the whole relatively static to moderate price growth over long period with sudden “boom bursts of activity producing rapid price growth” every 15 to 20 years. Most property booms last 18-24 months and then in the transition period back to normal market tends to be affected by the wider economic climate.
Whilst 2023 has started quieter, its normal and in fact if we look at the average transactions pre boom, (January 2019 and 2020) the national numbers of sales agreed in January 2023 is slightly higher than the average. (Figures from TwentyEA Data).

Naturally, local market activity may not reflect the national average and different areas may have different market places, but overall, from our point of view we are returning to a normal marketplace with less frenzy, less rapid house price growth and some property will just take a little more time to find a buyer.

2023 will be the year when the true professional, qualified and experienced team of estate agents will demonstrate their value in not only suggesting appropriate market prices and effectively marketing your home – they will also find a buyer and help negotiate the transaction through to completion.

So, if you are thinking of moving in #Anglesey for #Gwynedd this year, please consider asking one of our qualified and experienced marketing specialists to discuss what’s happening in our area and suggest the best price for you.

We also enclose a link to Business News Wales where we have been quoted as part of the RICS Residential Survey:
https://businessnewswales.com/sales-and-house-prices-continue-to-decline-across-the-residential-market-in-wales/?fbclid=IwAR1F426wfmqGgHQ1u53PMM8_Wah4x-0bPxnf0bN9ghkv5os3TO3jnFbBgl0

Prisiad Sydyn Am Ddim

Ydych chi am werthu neu osod eich eiddo? Cymerwch y cam cyntaf a darganfyddwch beth yw gwerth eich eiddo gyda phrisiad rhad ac am ddim heb rwymedigaeth.

Oes gennych chi Gwestiwn?

Eisiau trafod rhywbeth mwy penodol?
Gofynnwch am alwad yn ôl gydag un o'n trafodwyr.

Request a Call Back

"*" indicates required fields

Name*

View our privacy policy regarding website enquiries.

TPPUK

Williams & Goodwin The Property People are members of the Guild of Property Professionals, National Association of Estate Agents, Association of Residential Lettings Agents, National Association of Valuers and Auctioneers and are Chartered Valuation Surveyors we are members of a National Network of approximately 800 independently owned and operated Estate Agents.

Show More...

Related Post

Diweddariadau: 6 Mins Read

Giving Notice To End A Tenancy In Wales 

How can a landlord give notice to end a tenancy in Wales? The process has changed. Read on for notice periods, no fault notices, antisocial behavio...

Diweddariadau: 9 Mins Read

Sut i Werthu Ty yng Nghymru

If you’re looking to move house in North Wales, you might be wondering if the time is right. As a leading estate

Diweddariadau: 2 funud i'w ddarllen

SENEDD raise taxes on property people!

HIGHER LAND TRANSACTION TAX (Stamp Duty) for Landlords and those who purchase a second property revealed in Wales draft budget with effect

KDP
I was recommended by a neighbour who had sold their house through Williams & Goodwin, after they’d used a previous local agent with whom they had little interest after one year. With W & G, their house was sold within a few weeks. The service was excellent and the staff very friendly and k...
Chris Squires
Dealt promptly and efficiently with each stage of the sale. Gemma (at the Llangefni office) was outstanding, an asset to the company.
Kyle Williams
Great company, quick service and all staff were excellent during the sale of our house.
Elin jones
Diolch i bawb yn Williams a Goodwin am eich gwasanaeth ac ymdrech i werthu ein ty! A diolch i Gemma yn arbennig am ymateb i phob ebost a galwad yn brydlon a cadw ni ben ffordd. Diolch!
Scott D
During the purchase of our property. We dealt with the Holyhead branch. From our first viewings (not just the property we bought), they were very professional and dealt with all our enquiries fast and efficiently. Unfortunately, part way through our purchase, the sellers of the property we were purc...
Sara Hughes
I cannot recommend or thank Williams&Goodwin Holyhead Branch enough for their support and guidance as I bought my first home. From the friendly viewing accompanied by Jamie to the continued reassurance, communication and updates from Charlotte, the team were so approachable and professional thro...
Megan Dixon
Elizabeth Margaret Jones
Well what can we say, a brilliant service from Caron Sally and Gemma and Amy , they went out of their way to make our journey less stressful, Caron was always there to listen to me when I was worried about anything, and thank you also to Dafydd .
Ceuron Parry
Gemma, our estate agent, truly made the process of buying our first home a breeze. From the very beginning, she was incredibly supportive and attentive to our needs, guiding us through every step with patience and expertise. Her in-depth knowledge of the local market and her keen eye for detail help...
Catherine Fiona Richmond
Absolutely 💯 % customer service keeping everyone up-to-date in the process
art-logo google-logo
Customer Reviews 5
Based on 1052 reviews
Welsh