Cardiff Property Market Performance

Most of us have an interest in the property market. We want to know how well property is performing, especially if it is our own property or the property in our local area. We are interested in property values, whether it is because we own a home or are thinking of buying a new one. We have this warm feeling inside when we know our property value has increased. However, the feeling is not the same for those looking to get their first feet on the property ladder or possibly for those looking to buy another home. Knowing what is happening in the local property market is not only interesting, but can be crucial in giving you an edge - knowing where you stand financially and being informed of the true value of a property can be genuinely helpful. So how is Cardiff property is performing? Over the last twelve months there have been 5,492 sales in Cardiff. This is significantly down on last year by 10%. The supply of property in Cardiff is poor and has been slowly declining. This low supply coupled with a high demand is what is keeping property prices steady. Although statistics are now starting to show that demand is also slowly slipping as mortgage approvals have dipped by around 5%. The average price of property in Cardiff is now