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February 11, 2008

Housing revival taking place in the Welsh Valleys

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by Kay Mitchell

Housing revival taking place in the Welsh Valleys

The Institute of Welsh Affairs, an independent Welsh public policy think tank, has said that the Welsh Valleys is experiencing a housing revival.

The think tank, based in Cardiff, said that the Welsh Valleys have noted a rise in population as people are tempted to the area by lower house prices compared to areas such as Cardiff.

Consequently, the amount of people leaving the area has declined while the amount moving in has grown considerably.

John Osmond of the Institute of Welsh Affairs said the change is almost certainly due to lower house prices at the top end of the valleys making them more attractive to low income families and, in particular, first-time buyers.

He added, in order to maintain this growth, more development needs to take place in areas such as Rhonnda and Merthyr Tydfil, once renowned for their coal mines.

Last week, the National Farmers Union urged for more affordable homes to be built in rural parts of Wales to boost economic growth.

Last week’s annual Halifax County House Price Survey established that Blaenau Gwent in South Wales is the least expensive county with an average price of just £113,964.


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