Category Archives: News

QUARTERLY M & S VOUCHER GIVEAWAY! – APRIL

QUARTERLY M & S VOUCHER GIVEAWAY!

 

This quarter the £50 M&S gift card has been won by Mrs Morgan, who sold her property through West Wales Properties in Carmarthen.

We love giving back to our clients so to be in with a chance of winning the next voucher please get your questionnaires returned to our offices.

 

 

CONGRATULATIONS MRS MORGAN!! 

WE ARE HIRING…

 

Sales/Lettings Negotiators for our Carmarthen office.

Due to expansion, we are looking for additional negotiators for our busy Carmarthen office, preferably with experience in the property sales/lettings sector. OTE earnings in excess of £25k.

If you would like to join a successful company who reward their staff accordingly then email your C.V. to linda@westwalesproperties.co.uk.

All applications are in confidence.

Auction House celebrates second-best month in a decade

Award-winning brand Auction House is reporting the second-best month in the ten year history of the company, despite the downturn in the private treaty market.

The month of February saw an impressive 466 lots sold from 602 offered – a success rate of 77.4% – which raised a total of £57.7m in the process.

Mick Haywood, Auctions Director said; “These figures mark a strong start to the year that bodes well for the coming months. Normality seems to have returned to the auctions market, sales rooms are busy, and careful guide prices are generating enthusiastic bidding. From our perspective, auctions genuinely seem to have weathered the storm.

“All this is in marked contrast to the private treaty market where estate agents are reporting a shortage of stock, and sales are continuing to struggle. But here in the auction sector, more private sellers are coming our way, corporate clients are giving us increasing amounts of stock, and commercial lots are back in demand.”

Mick says that the auctions market across the country seems to have recovered from the impact of the 3% Stamp Duty surcharge for landlords and second home owners, which came into force last April. He explained: “Sellers are keen to choose the speed and certainty of the auction method and buyers are genuinely eager to purchase. We are assisting more people buying for their own occupation – such as first-time buyers and improvers – who are helping to move auctions into the main stream.

“Plus, more investors are choosing to buy commercial lots whilst others still see worthwhile returns in the buy-to-let sector, where rising rents are strengthening yields in many regions. Overall, auction lots are already back at normal volumes and nothing that the Chancellor said in his Spring Budget on Wednesday gives us particular cause for concern.”

Mick added: “Overall, this is another excellent set of figures for the company. Our position is strengthening, and we fully expect to build on this early momentum as we push to grow activity further.”

A word to the wise…

West Wales Properties considers opposing forces that are affecting the property market this spring.

The post-Brexit property market is turning into a paradox. With low interest rates, declining numbers of unemployed and an economy that appears to be on a strong path of sustained improvement things should be booming. Confidence, the lifeblood of the property market, should be surging though its heart, pumping up prices as the numbers of available properties dwindle. It should be the classic sellers’ market. Except it isn’t. Why?

 

The answer is that confidence is muted. Concern over Brexit is a factor. So too are the criteria needed to get a mortgage nowadays. Also there is mounting caution over major spending decisions and heightened house price-to-earnings ratios. With rising inflation affecting household incomes, house price rises could be suppressed and in some areas even reversed this year. House prices will reflect growth in households’ incomes much more closely this year rather than outstripping them.

 

So who does one turn to when the going gets tougher, when selling is harder and when finding a great buyer can’t simply be left to the internet (as if it ever could)?  Like most things in life when you need someone to show you the way it is best to find someone who has been along that particular road before.

 

So if you are selling your home in 2017 here are some important points about this current market that experienced estate agents understand only too well.

  1. Don’t believe everything you read in the press.  The media is invariably three months behind the market and the national newspapers cannot reflect local market conditions that can swing wildly from county to county and even town to town.  But while conditions in some areas might be better than expected, in others there are growing challenges.
  2. First time buyers should take advantage of this period while investors are still reeling from stamp duty hikes.
  1. Those at the upper end of the market should understand rapid changes in taste, income, lifestyle and generational requirements within the modern family unit. Buyers’ needs are not the same as they were a decade or two ago. These changes affect desirability, suitability and affordability.
  2. Start planning your 2017 sale early.  Don’t wait. In market terms there is little to wait for.
  1. Be prepared to be flexible on price and timing. This positive attitude will bring material benefits as well as peace of mind. Or you can dig your heels in and be miserable.
  2. Remember that property values have risen over the past few years so even a negative correction in prices will have little real effect on those who have owned their property for over three years or so.  The notion of losing out is uncomfortable to anyone, but experienced movers understand they have to ride the ups and downs.
  1. What one loses on the swings one gains on the roundabouts.  Price corrections work both ways – on the sale and the purchase.  2017 could be a great year for finding a property.  But selling may be a challenge. In property one thing is sure: one rarely wins out both ways!  Be realistic.
  2. Use an experienced professional to show you the way.  Fee-cutting or online-only estate agents can be very attractive to the uninitiated, but don’t be beguiled.  You get what you pay for.  In this market a wise seller needs sage advice based on experience and know-how.  Sellers will need the services of those who offer their clients skill and candour as well as respect – not the scant attentions of those who regard other people’s homes simply as fee-generating units of residence, or as another tick on the office dry-board score sheet.  If you are selling and don’t just want to be a number make sure you get market appraisals from several reputable local estate agents and be certain to ask each one how long they have worked in the area.  Also ask if they have worked through several market cycles and, most importantly, what they learnt from them.
  3. Finally there is no reason why a property that is well presented, in good order and priced correctly should not find an eager buyer. But the right advice is crucial from the start.

Official opening of the NEW Cancer day unit at Withybush Hospital

February sees the official opening of the New Cancer day unit at Withybush hospital. A new and fantastic facility for the people of Pembrokeshire. We should be very proud of the Pembrokeshire public contribution that made this possible in our beautiful county of Pembrokeshire. Many families in the future will receive the benefit of this first class facility and the extraordinary staff who work there.

Well done to all concerned. This dream has come true. We now need a new project to focus on to give benefit to the people of Pembrokeshire.

West Wales Properties staff and friends will be launching a campaign to raise £25,000 in our 25th year of trading. All proceeds will go towards the next fund raising for Withybush Hospital appeal. If you would like to be part of this please contact Charlotte at our Milford Haven office 01646 69 85 85

Take a first glimpse at some of the images taken at the Official Opening of the new Pembrokeshire Haematology and Oncology Day Unit. The Withybush Hospital CDU appeal charity was delighted to be able to part fund this important and exciting new development at Withybush Hospital and to fund the impressive glass art commissions which now adorn the walls.

QUARTERLY M & S VOUCHER GIVEAWAY – JANUARY

This quarter the £50 M&S gift card has been won by Ms Doncaster, who sold her property through West Wales Properties in Haverfordwest.
 
Ms Doncaster has said “I honestly can’t thank West Wales Properties enough. They were an absolute god send during the sale of my late mothers house. They honestly helped me and updated me more than my own solicitor”
 
We love giving back to our clients so to be in with a chance of winning the next voucher please get your questionnaires returned to our offices.
 
CONGRATULATIONS MS DONCASTER!!