Description of Wales
Wales has a kind of beauty you cannot fully appreciate until you have actually seen it first-hand. From the picturesque valleys to the rugged coastline and the busy streets of the city of Cardiff, Wales has at long last entered the radar of the savvy investor. In terms of property values, house prices on average across Wales grew a solid 4.3 per cent in 2013 and home sales spiked by up to 8 per cent. Its popularity as a holiday resort over recent years has exploded, which, given the rather short supply of accommodation in key areas, represents a serious opportunity for investors. Wales is blessed with so many stunning beaches and protected nature reserves that large-scale development is simply out of the question – the result being one of enormous demand for existing properties. Covered by the same international investment laws as the rest of the UK, there are no restrictions whatsoever on buying into Wales as a foreigner and buying costs are no worse than those for nationals. Tenby Harbor to the west has been repeatedly singled out as an investment region of huge potential, though demand from young professionals in the less-travelled cities of north and south Wales is also on the up.