Diving into the latest market report on UK house prices, it’s fascinating to see how the figures branch out across postcode regions. However, there’s a missing piece in this property puzzle – the number of transactions per postcode. This absence is more than a mere oversight; it’s a potential game-changer that could significantly skew the figures.
Having spent numerous years as an auctioneer selling properties across North and South Wales, I’ve had a front-row seat to the ebb and flow of property prices. Thus, the presence of certain lower-priced postcodes in the report doesn’t raise my eyebrows. These areas have traditionally sported lower average prices, primarily due to the higher volume of terrace homes – properties that typically fall on the lower end of the value scale.
However, the report’s lack of transaction numbers for each postcode leaves us in a bit of a bind. Without this data, we’re left with a distorted view that doesn’t quite paint the full picture. Are these lower prices a result of a higher volume of lower-value transactions, or is there another factor at play?
The property market, much like a house itself, needs to be viewed from all angles. Only by considering all factors can we gain a true understanding of the market’s structure. So, while the latest report offers some interesting insights, remember to take it with a pinch of salt. After all, when it comes to property prices, it’s not just location, location, location – it’s also about transaction, transaction, transaction!
Anglesey has emerged with eight postcodes securing spots in the top 20, Anglesey has outshone its competitors, although no Welsh postcodes made it to the UK’s top 20.
The island’s diverse property portfolio, particularly in its charming rural villages, has played a significant role in this achievement. These diverse properties may have inflated the average prices, contributing to Anglesey’s leading position.
The property market in Anglesey has witnessed a notable surge in prices in recent years, particularly in the wake of the Covid pandemic. However, the market appears to be entering a phase of stabilisation, with prices now holding steady.
Looking ahead, the property market on Anglesey is anticipated to experience a more modest and sustainable growth over the next few years. This is a promising outlook for potential homeowners.
If you are thinking of moving now or in the future, please contact our local offices in Anglesey & Gwynedd.
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.
Williams And Goodwin at Llangefni provided an excellent service throughout the process of selling our property. Caron and her colleagues were very efficient and helpful. Initial valuation was well organised turned out to be very accurate. Enquiries were handled quickly and effectively. Very useful t...
Dean
Highly recommend the team at Holyhead Williams & Goodwin. From beginning to the end. Firstly very prompt in getting a valuation done on the property, Matthew came out very prepared with a folder with all information on previous sales and houses similar currently on market and other factors which...
David Simpson
Very pleased with the service provided by Williams & Goodwin in selling my parents’ house. Everyone was helpful and professional, all along, starting with Matthew at the initial meetings and Jamie throughout viewings, reviews etc. in the later stages Charlotte has been especially dedicated and...
Alison Wakeman
The professionalism of the staff at Williams-Goodwin (Holyhead) in particular Charlotte is absolutely superb. We were in a very sad situation of having to sell my father's bungalow to support his residential care. Although Jamie and Matthew were also involved, initially with the valuation and phot...
Carleen Houbart
Williams and Goodwin offered a simple, no nonsense approach to selling our property, with realistic photographs, and good descriptions of each room. Their staff were also really supportive, knowledgeable and provided clear communication.
Ultimately, they managed to secure a sale after only 3 viewi...
Sion Elias
This was our first experience of selling a property by auction and we were pleasantly surprised by the ease and smoothness of the whole process. The staff at the Llangefni office guided us through and the property was well advertised, attracting a lot of attention from potential buyers. We were kept...
Rhys Jones
I'm delighted to share my outstanding experience with Kerry Hodgson during my recent house purchase. Kerry's expertise and dedication were truly exceptional.
Her in-depth knowledge of the local market helped me find the perfect property, while her attention to detail ensured I made an informed deci...
Sue Porcelli
Very helpful staff
Alan Hughes
My recent experience with Williams & Goodwin Holyhead has a pleasure due to the excellent service Charlotte provided. Communication was excellent and she was very informative and attentive to any queries I had. I couldn't ask for a better Estate agent. Thank you!
Riley Lou
Kerry Hodgson was our agent from start to finish during our house buying process, and she was absolutely brilliant throughout the whole thing. Her responses were pretty much immediate, she was always there for us to answer any questions we had and was always super friendly. She made us feel so at ea...
