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Q4 MARKET FORECAST Read our article below. The property market forecast for Cardiff in Q4 anticipates several key trends and gradual growth. 1. Interest Rates: The Bank of England recently lowered its base rate from 5.25% to 5.0%, and further reductions are expected. This change could encourage more people to borrow money and buy homes, which could slightly increase property prices. With lower interest rates, mortgage products are becoming more competitive, making it easier for first-time buyers and investors to enter the market. 2. Residential Property Prices: The average house price in Cardiff as of June 2024 was £270,000, showing a 3.7% increase from the previous year. This upward trend is likely to continue into Q4 2024, with anticipated growth in the range of 2%, driven by favorable economic conditions and potentially lower interest rates. 3. Rental Market: The average monthly private rent, which was £1,035 in July 2024, is expected to remain robust, reflecting ongoing demand for rental properties in Cardiff. These predictions suggest a generally stable market with gradual growth, supported by improving economic conditions and sustained demand in both residential and commercial sectors. Sources / Office For National Statistics

EDITION 24′ Click on the magazine cover to explore our latest issue, featuring stunning properties, market insights, and the latest trends in the market. Discover what makes our agency the best choice for your property needs.

Heath, a charming district in north Cardiff, is known for its leafy streets and attractive 1930s homes with spacious gardens. The area boasts the 91-acre Heath Park, offering tennis courts and a miniature steam railway, while the Birchgrove shopping area caters to local needs. Well-connected by two railway stations, Heath is home to the University Hospital of Wales and maintains a strong community spirit. A fun fact: Heath was originally called the “Great Heath” due to its vast parkland. Market Insights Rising Property Values: Average house prices in Heath are now £333,595, showing a steady increase and highlighting the area’s appeal. Rental Insights: Different property types (flats, terraced, semi-detached, detached) have varying average rents, with flats averaging £879 and detached homes around £1,313. Market Outperformance: The property market in Heath is currently outperforming the broader Cardiff market by 29%, indicating a strong demand and desirability for homes in this affluent area.

Rhiwbina is a charming suburb located in the northern part of Cardiff. Known for its friendly community and village-like atmosphere, it offers a peaceful retreat while still being conveniently close to the city centre. It’s an ideal place for families, retirees, and professionals who appreciate a quieter lifestyle with easy access to urban amenities. Parks and Green Spaces: The area is home to several parks, including the popular Rhiwbina Recreation Ground and Caedelyn Park, perfect for outdoor activities, family picnics, and dog walks. Shopping and Dining: The suburb boasts a range of local shops, cafes including the popular ‘Coffee Lab’, and restaurants, providing residents with convenient access to daily necessities and delightful dining experiences. Education: Families will appreciate the excellent schools in the area, such as Rhiwbina Primary School and Whitchurch High School, which are highly regarded for their academic standards. Property Market Insights Rhiwbina’s property market is diverse, offering a mix of traditional homes and modern developments. Here are some key insights: Average Property Prices: The average property price in Rhiwbina is around £346,475, reflecting the area’s desirability. Market Trends: The property market in Rhiwbina has shown steady growth, with increasing property values over recent years, making it a solid investment. Rental Yields: For investors, Rhiwbina offers attractive rental yields, averaging around 4%. The demand for rental properties is high, particularly among young professionals and families. Why Choose Rhiwbina? Rhiwbina stands out for its strong community spirit, excellent amenities, and robust property market. Whether you’re looking to buy your dream home or invest in a thriving area, Rhiwbina is a great choice.

The Appeal Of Marshfield Marshfield, located just outside Cardiff, is a charming village that blends rural charm with urban convenience. Known for its strong community spirit and friendly atmosphere, it features the highly regarded Marshfield Primary School and beautiful surroundings ideal for outdoor activities. With easy access to Cardiff and the M4, residents enjoy the benefits of village life including pleasant local pubs and peaceful countryside walks whilst being just a short drive away from Cardiff City centre. Its diverse housing options makes Marshfield a highly desirable location for homebuyers. Current Market Trends in Marshfield, Cardiff Average House Prices: The average sold house price in Marshfield is approximately £386,357. Prices have increased by 15% since the 2020 peak of £337,282, indicating a resilient market. Demand for Family Homes: There is a strong demand for spacious family homes, particularly those with multiple bedrooms and outdoor space. Selling Your Property in Marshfield: Expert Tips If you’re considering selling your property in Marshfield, here are some expert tips to help you achieve the best possible outcome: Accurate Pricing: Setting the right price for your property is crucial. Our team offers free, no-obligation valuations based on the latest market data, ensuring your home is competitively priced to attract potential buyers. Enhance Energy Efficiency: With rising energy costs, buyers are increasingly interested in energy-efficient homes. Consider making improvements such as upgrading insulation, installing energy-efficient windows, or adding a smart heating system to enhance your property’s appeal. Leverage Local Expertise: Our deep knowledge of Marshfield allows us to provide tailored advice and insights. We understand the nuances of different streets and can effectively highlight the benefits of living in this desirable area, from its excellent schools to its community spirit. Looking Ahead: As we look ahead, the property market in Marshfield is expected to reflect broader trends seen across the UK, with a focus on resilience amidst economic challenges. Recent reports indicate that house prices are showing signs of stability, with a slight increase in average prices, suggesting that demand remains strong despite external pressures. The ongoing appeal of Marshfield’s community-oriented environment, combined with its proximity to Cardiff, positions it well for continued interest from buyers. Overall, the outlook for Marshfield’s property market remains positive, with opportunities for sellers to capitalise on the area’s enduring desirability.

As we step into July 2024, the property market in Lisvane, one of Cardiff’s most prestigious suburbs, continues to thrive. Our family-run estate agency, with depths of experience in the Lisvane area, uniquely offers expert insights and a personalised service to those looking to buy or sell in this desirable location. The Appeal Of Lisvane​ Lisvane is renowned for its quiet suburban charm and proximity to the Cardiff city centre. The area boasts excellent schools, green spaces, and a strong sense of community, making it a top choice for families and professionals alike. The property market here reflects its premium status, with a variety of high-end homes that cater to discerning buyers. Current Market Trends Recent data indicates that the property market in Lisvane remains robust: Property Values: The average price per square meter in Lisvane is among the highest in Cardiff, reflecting the area’s desirability. Detached homes, in particular, command significant premiums. Market Activity: The number of properties available for sale in Cardiff has increased by 23% from June 2023 to June 2024, providing more options for buyers. However, the average time on market for detached homes has also increased, suggesting a more balanced market. Selling Your Property in Lisvane: Expert Tips If you’re considering selling your property in Lisvane, here are some expert tips to help you achieve the best possible outcome: Accurate Pricing: Pricing your property correctly is crucial. Our team provides free, no-obligation valuations based on the latest market data to ensure your home is competitively priced. Energy Efficiency: With rising energy costs, buyers are increasingly interested in energy-efficient homes. Consider making improvements such as upgrading insulation or installing a smart heating system to enhance your property’s appeal. Leverage Local Expertise: Our deep knowledge of Lisvane allows us to provide tailored advice and insights. We understand the nuances of different streets and can highlight the benefits of living in this prestigious area. Looking Ahead The property market in Lisvane is expected to remain strong, with continued demand for high-quality homes. Whether you’re looking to sell or buy, our experienced team is here to help you navigate the market with confidence. Stay tuned for more updates and insights on the Lisvane property market. If you have any questions or need personalised advice, don’t hesitate to reach out to our team. We’re here to help you achieve your property ambitions in this beautiful part of Cardiff.