North Wales House Prices 2016: Conwy’s steady growth after crash
From historic Conwy town1, to seaside resorts and rural villages the county has a wide choice of places for people to make a home. Conwy saw house prices surge to more than 155,000 during the boom period but then crash down in subsequent years – falling to 118,199 by the start of January 2015. But since then there has been a period of steady growth that has put more than 12,000 on prices over the last year, with the average now edging over 130,000 according to the Land Registry.
Agents have detected these increases in the local markets and certain hotspots like Conwy town, and Conwy Valley villages like Eglwysbach and Rowen continue to attract strong demand for buyers,
There is hope that regeneration work in Colwyn Bay2 will also see prices increase in the town where buyers can still pick up a good sized four bed property for under 150,000. The glorious setting of the Victorian resort of Llandudno3 also means it never loses its pulling power with buyers.
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Iwan Williams, from Iwan Williams estate agents, said: The housing market turned a corner two years ago and we have been busy ever since apart from a slight lull this winter when the weather literally dampened the market.
But since just before Easter it has gone mad.
We opened up the Conwy office just after Christmas and it has exceeded expectations, we have been very busy.
Conwy town itself is very strong and the demand is always there.
It is a picture postcard town but also accessible to the A55 so people can commute to a lot of areas so it makes it very popular.
People want mountains and scenery and now they can work in these places remotely.
As broadband rolls out I can see more than more people doing this, it will make a real difference in rural areas.
The demand is there at the moment and the number of properties we have on our books in some areas has gone down which is a sign that the market is going well.
I have started to see prices edging up and it would be good to get more houses coming on the market, especially in some sectors which are selling very well like the first time buyer properties.
The stamp duty has had an impact on the purchase of second homes and but-to-let but I think over time this will even out.
See how house prices have changed across North Wales by clicking on the map below
Gary Evans, director at Ravenscroft Homes, said: The market has seen a gradual increase in prices in Conwy and the general consensus is that due to a shortage of property for sale it could result in prices rising by 6% in 2016.
Our development, Bay View in Pentywyn Road, Deganwy has certainly seen an increase in reservations and sales over the past three months.
The areas which are proving most popular are those with sea views and anything along the coast from Colwyn Bay along to Anglesey.
We have just released the first phase of five houses on our new development at The View in Abergele Road Old Colwyn and have had a huge response which gives us a very optimistic outlook for the rest of the year. Sean Davies, from Bryan Davies & Associates, said: The market has been busy this year, partly spurred on by the new stamp duty levy for second homes and buy to let, which started on the 1st April, so everyone wanting to complete the sale before that date.
We were hoping that we would keep busy after that and it seems to be continuing to be a good and busy period and lets hope that continues.
Difficult to be precise if prices are rising but if the market continues we may see some increase this year.
All areas are busy.
Eglwysbach : The quaint Conwy Valley village enjoys a picturesque setting while still in easy reach of the A55.
Conwy town : Picture postcard setting means the town is always popular with buyers.
Colwyn Bay: Major regeneration work taking place in the town should boost property prices which remain relatively low for the area.
Money to spare
Trefriw house is on the market with Iwan Williams estate agents for 725,000
A substantial country residence set in grounds extending to approximately 2 acres, superbly located on the approach to the Crafnant Valley within walking distance of Trefriw village and within Snowdonia National Park. There are landscaped grounds in riverside setting, additional 2 bedroom detached cottage located within the grounds, garaging and gardens. The house is on the market with Iwan Williams estate agents for 725,000.
This Glan Conwy house is on the market with Bryan Davies & Associates for 85,000
A Mid Terrace Two Bedroom Cottage in need of a degree of upgrading situated in the popular village of Glan Conwy within easy access of the local school, amenities and the North Wales A55 Expressway for commuting purposes. The accommodation comprises: entrance hall; lounge; kitchen-breakfast room with door leading off to ground floor bathroom. To the first floor there are two double bedrooms. The property benefits from upvc double glazed windows.
Outside there is a rear paved area leading to an access gate and a garden shed; a pathway leads up to rear garden. The house is on the market with Bryan Davies & Associates for 85,000.
Rhos-on-Sea golf course
An historic golf course with a clubhouse and hotel is up for sale for nearly 1m. The 18 hole Rhos-on-Sea course in Penrhyn Bay has been put on the market with Carter Jonas.
The club was founded in 1899 with the present clubhouse being constructed in 1905. Set within 99 acres of parkland, the property has planning consent for additional development including a gym, swimming pool and conference facilities. It is up for sale for 950,000.
Average House Price: February 2016: 130,380, up 9.8% on February 2015, a rise of 12,000.
Housing Peak: 155,900 (September 2007)
Housing Trough: 118,199 (January 2015)
Average price by home types
North Wales property insiders
- ^ Conwy town (www.dailypost.co.uk)
- ^ Colwyn Bay (www.dailypost.co.uk)
- ^ Llandudno (www.dailypost.co.uk)
- ^ Deganwy (www.dailypost.co.uk)
- ^ Eglwysbach (www.dailypost.co.uk)
- ^ Betws-y-Coed (www.dailypost.co.uk)
- ^ Five of North Wales’ most expensive homes sold (www.dailypost.co.uk)
- ^ roll-out of fast broadband (www.dailypost.co.uk)
- ^ North Wales estate agents predict house price surge in 2016 (www.dailypost.co.uk)