Welcome to Swansea Property News for July 2017.
Rightmove are reporting that Swansea is in the top 3 highest rental growth areas outside of Greater London, which is good news for landlords, though there are concerns about how this trend, among other factors, might be deepening the divide between homeowners and tenants not only in Swansea, but across the whole of the UK.
News earlier this month that Swansea will not be getting the long-promised electrified rail came as a blow, though on a more positive note, we are pleased to have made the final shortlist for City of Culture 2021.
Hannah McCartan, MD of McCartan Lettings
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It’s good news again for landlords and property investors in Swansea as Rightmove reports a 10.5% annual rise in Swansea rents. Take a look at what else they had to say for our region and what it might mean for Swansea Landlords.
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Swansea has made the final shortlist, and is up against four other UK cities for the title. The next stage in the competition is tough, says Council Leader Rob Stewart, "but the benefits of winning belong to us all".
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The average house price here in Wales has reached an all time high, but the divide between homeowners and tenant is deepening as tenants say farewell to pay growth and expend on higher rents - and that might not be good news for landlords, either.
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My BTL Deal of the Month for July was so popular, it looks like someone already snapped it up! Read more about why it caught my eye and what made it so appealing.
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Following on from my article regarding Swansea being named in the top 3 highest growth areas between Q2 2016 and 2017, here are the rental statistics from Zoopla for this month.
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A modernised ground floor apartment in a popular and convenient location, within walking distance of the University and Singleton Hospital, and only a short car ride from Swansea City Centre. Take a peek!
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