Looking To Live By The Sea?

We know many people have re-evaluated where they want to live once the lockdown is over, and unsurprisingly many want to live by the sea!

Are there better beaches in the UK than in North Wales?

We have just 3 apartments left at St Luke’s including this incredible top floor penthouse.

Get in touch to book a viewing – either virtual, or once lockdown ends a viewing operated under Welsh government guidelines.

This is a stunning development of just 17 apartments, walking distance from the shops and beach.

Average House Prices Rise In Wales

Newly released figures from Principality Building Society have shown that Wales continues to buck the trend seen across England as the average house price has climbed to reach a record peak of £191,006 over the last three months.

The data from Principality demonstrates the rise and fall in house prices across each of the 22 local authorities in Wales.

According to to the research, house prices have risen in Wales by just over 2% both quarterly and annually, but the average house price remains approximately 40% lower than in England, where the average price is £305,000.

Six local authorities established new peak prices in Q3 – Bridgend (£175,144), Carmarthenshire (£166,769), Cardiff (£239,788), Newport (£202,947), Pembrokeshire (£207,561) and the Vale of Glamorgan (£277,735).

Figures from Principality also show house prices have risen in coastal areas associated with holiday homes and holiday lets. For instance, the annual growth rate in Pembrokeshire is currently 9.6% – the second highest growth rate in Wales. Similarly, Conwy has a growth rate of 7.1% – the fourth highest in Wales – with coastal property hotspots of Abergele, Llandudno and Colwyn Bay.

In terms of housing sales when comparing Q3 2019 and Q3 2018, the number of sales increased by 5.6% in Wales. The figures show that the largest increase in sales in Q3 2019 compared to Q3 2018 was within terraced properties, up by 13.5% over the year, followed by semi-detached properties, up by 8.0%. Detached properties have seen a minor sales increase of 0.4% across the year, while flats have seen a decrease in sales of 15%.

Tom Denman, Chief Financial Officer at Principality Building Society said: “First time buyers, holiday lets and people seemingly not allowing the shadow of Brexit to deter them, means average house prices in Wales continue to buck the trend seen in regions across England. It also seems home movers are continuing to buy higher value properties and overall house sales are up compared to the same quarter in 2018.

The growth in average house prices is underpinned by historically low interest rates, a shortage of housing supply and relatively high employment. It will be interesting to see if this upward trend continues for the rest of the year as Brexit negotiations reach a critical stage.”

Projects Update: Mar 15th

Our latest developments project update for March 15th 2019 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Mar 1st

Our latest developments project update for March 1st 2019 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Feb 1st

Our latest developments project update for February 1st 2019 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Jan 10th

Our latest developments project update for January 10th 2019 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

The view from College Avenue of the North Wales coastline

Work on the roof ongoing at College Avenue

External groundworks at the Cedar Court site in Colwyn Bay

One of the completed balconies at the Cedar Court development

Projects Update: Nov 16th

Our latest developments project update for November 16th 2018 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Nov 2nd

Our latest developments project update for November 2nd 2018 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Oct 19th

Our latest developments project update for October 19th 2018 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Oct 5th

Our latest developments project update for October 5th 2018 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Projects Update: Sep 21st

Our latest developments project update for September 21st 2018 is now available to download in PDF format.

Simply click here to download the latest information pack on Oaking Developments ongoing projects.

Oaking To Create Jobs for North Wales Region

The Daily Post ran a fabulous article on Oaking Developments yesterday with their headline ‘Homes Developer Targeting Region To Create 100 Jobs.’ The North Wales newspaper interviewed Director Alan Forsyth who said “It (North Wales) is very much our base and our home. We will invest around £12m this year in the region. The demand is there and we are catering for the market here”.

My Forsyth also went on to mention “We plan to keep investing in North Wales, we have recently brought a site in Rhos and we are looking at sites in Abergele and Llandulas” He said “I am from North East Scotland and in many ways this area is similar. The costline is fantastic and there are so many wonderful beaches”.

The full article is below (click on the image to expand)…