September 2009

With the property price adjustments that have taken place in the last few months this is now beginning to have an effect on sales, with investment buyers and retirees buying holiday cottages for the holiday market where they can get a better return than having the money invested at a very low interest rates. Excellent value can be found for those looking for a property that has residential use plus holiday let potential with land. In some areas prices are not falling as fast at the upper end of the market due to the shortage of property, but they are already competitively priced, compared to other parts of the UK that do not have such stunning scenery.

In the Carmarthenshire area there are holiday cottages available from £170,000 close to the, Black Mountains, and within the, Breton Beacons National Park. Stacks clients who are looking for smallholdings with 10- 40 acres are finding success in Ceredigion (Cardiganshire) especially those looking in the equestrian sector. Pembrokeshire has seen some price adjustments recently with new properties coming to the market competitively priced. Overall South West Wales will be offering excellent value for money during 2009 with stunning locations for the holiday let market, retirement homes and for those that see that now is the time to make that “change of lifestyle move” and live the dream in a beautiful part of the country.