Is There A Housing Shortage In Cardiff?

Around 8,000 people are currently on the waiting list for social housing in Cardiff with a major council house-building programme under way in the city and the council planning to build 4,000 homes over the next few years.

Is there a housing shortage in Wales?

Meeting the demand for new housing is no easy task. Between 2016 and 2021, housing associations built around 1,200 homes every year. Now, StatsWales research projects that Wales will need roughly 7,400 additional houses every year to 2024 to meet growing need – including 3,500 affordable housing units.

How many empty houses are in Cardiff?

1,355
Figures released in December 2021 found that there were more than 1,355 private sector homes which had been left empty for more than six months. Of the 1,355 long term empty homes, 340 were empty for more than two years, 132 for more than five years, and 53 for more than a decade.

Are house prices in Cardiff going up?

The average property price in Cardiff postcode area is £229k, the median price is £190k. The average price increased by £10.4k (5%) over the last twelve months. The price of an established property is £228k. The price of a newly built property is £261k.

Will house prices drop in 2022 Wales?

Wales house prices increased by 8.6% in the year to June 2022, down from 14.1% in May 2022. Wales house prices were growing faster than the UK annual rate of 7.8% in the year to June 2022.

What is the poorest county in Wales?

The most deprived small area in Wales in WIMD 2019 was Rhyl West 2 (the area around Rhyl High Street) in Denbighshire, which was ranked second most deprived in WIMD 2014. The neighbouring area of Rhyl West 1 is now ranked second most deprived.

What is the most deprived area in Wales?

The local authorities with the highest proportion of areas in the most deprived 10% were Newport, Merthyr Tydfil and Cardiff, at around 20%. For the income domain, the most deprived area in Wales was Rhyl West 2, Denbighshire (around Rhyl High Street).

Where do rich live in Cardiff?

Lisvane. As one of the most affluent areas in Cardiff, Lisvane is a highly sought-after suburb five miles north of the city centre. The area is popular among commuters both to Cardiff and other South Wales hotspots, offering superb access both to a local train station and the M4 motorway.

Is Cardiff a good place to invest in property?

There is undoubtedly a huge demand for high-quality HMO’s and blocks of flats in Cardiff, both for investors to purchase or tenants to let and as the number of student and professional residents increases, investing in Cardiff in 2022 is a fantastic decision for investors and landlords to benefit from the trending

How long does it take to get a council house in Cardiff?

Providing the council has all the information it needs, your application will usually be assessed within six weeks.

Is Cardiff up and coming?

The city population is 357,200, while the greater metropolitan area has 1.1 million residents. Official figures say Cardiff will grow by 20% by 2035 – the highest population increase in Wales by far, as people move from around Wales and into Cardiff.

Where are house prices rising fastest in Wales?

Top ten neighbourhoods to see fastest house price growth in Wales in year to June 2021 in £ and percentage

• Conwy, Llangernyw – £145,000 to £310,000 – 114%
• Pembrokeshire, Solva – £190,000 to £385,000 – 103%
• Merthyr Tydfil, Gurnos – £73,000 to £145,000 – 99%
• Flintshire, Sealand – £122,500 to £232,995 – 90%

Is Cardiff the fastest growing city in the UK?

Cardiff is the fastest improving city in the UK according to the Demos-PwC Good Growth for Cities Index, which ranks 50 of the UK’s largest cities – plus the London boroughs as a whole – for performance against a series of 12 variables, weighted against their importance to the public.

Are house prices falling in Cardiff?

Wales among most vulnerable areas of UK to house price falls as as buyers’ budgets fall 28% – Zoopla – Wales Online.

Are house prices going to fall in Wales?

Welsh property values are expected to fall by 8.5% in 2023, according to a forecast by property experts Savills. First-time buyers and buy-to-let investors will bear the brunt of increased affordability issues next year, adding to pressures on rental prices, according to Savills’ predictions.

Is the housing market slowing down in Wales?

However, the RICS said this is down from the net balance of +93% recorded five months ago showing that house price growth has slowed since April 2022. The survey also found that the net balance of new buyer enquiries in Wales fell in September to -46% – the sixth month in a row to record a drop in buyer interest.

Where is the happiest place to live in Wales?

Llandrindod Wells
Cllr Weerdmeester-Price said: “It was great to see that yet again Llandrindod Wells has been voted the happiest place to live in Wales and 5th overall in the UK.

Where is the nicest place to live in Wales?

Research has revealed the most desirable places to live in Wales.

1. Kidwelly, Carmarthenshire. Taking the top spot in Wales and 5th overall is Kidwelly in Carmarthenshire.
2. Tenby, Pembrokeshire.
3. Porthmadog, Gwynedd.
4. Barmouth, Gwynedd.
5. Cardigan, Ceredigion.
6. Llandudno, Conwy.
7. Abergavenny, Monmouthshire.
8. Brecon, Powys.

What is the safest place in Wales?

According to the experts, the safest place to live in Wales is Powys or Pembrokeshire. Both areas have on average 1.59 burglaries per 1,000 people. On the other end of the spectrum, Newport is the most dangerous place in Wales.

What is the poorest town in the UK?

Is Wales the poorest part of the UK?

The percentage of all individuals, living in relative income poverty in Wales in 2016–17 was 23%, compared to 22% in England, and only 19% in Scotland and Northern Ireland. More than one in five people in Wales were living in poverty between 2001 and 2016.
Economy of Wales.