Autumn is fast approaching and soon the nights will be drawing in the leaves on the trees will turn a vibrant amber and red. The season provides the last ‘hurrah’ for buyers to be in their new home just in time for Christmas.

2023 has seen the housing market across the UK face more challenging conditions than in recent years. The increase in the cost of borrowing due to rising interest rates has been a major factor for buyers and sellers. However, the picture certainly isn’t all doom and gloom…

Whilst it has been reported that the national average house price is down annually by a little over 5% (ONS), Penarth stands as a beacon of resilience with the annual average house price showing a marginal dip of approximately 3.5% (OnTheMarket.com) reflecting the town’s enduring charm, diverse housing stock, strong sense of community, esteemed schools and easy access to Cardiff.

With the Bank of England holding the base interest rate steady in last month’s announcement and a welcome uptick in the UK economy in August 2023, there’s optimism that the relentless surge in mortgage rates may soon plateau or drop. If, as many are predicting, we are entering a period where interest rates remain comparatively high but stable, it will allow buyers and sellers to forward plan and to enter property transactions with confidence, something which many haven’t been able to do in recent months. If this does happen, we have no doubt that the housing market in Penarth will continue to thrive.

So if you’re thinking of buying or selling, Watts & Morgan are here to help!

Why choose Watts & Morgan?

Trust

With over 165 years’ experience, Watts and Morgan have built a strong reputation of selling residential properties throughout South Wales. Through our professional associations & membership with RICS & NAEA we offer all our clients a service that they can trust.

Knowledge and Experience

We understand that buying and selling can be a daunting process, which is why we strive to provide exceptional customer service every step of the way. Our dedicated team of skilled and experienced negotiators offer informative, honest, and professional advice. Our aim is to exceed your expectations, delivering a seamless and stress-free experience that leaves you satisfied and confident in your property transaction.

Marketing

Properties are as individual as the people who live in them. We provide our clients with a highly personal, tailored service to achieve successful results. Our marketing package can include photography, drone footage, floorplans, virtual tours, and video tours. Your property will be promoted on online portals and social media platforms to ensure we reach the widest audience. Our three offices in Bridgend, Cowbridge and Penarth will multi-list all properties, and all proactively work to achieve a successful result for you.