Wrexham - Insider"s View
Wrexham is the largest town in the North Wales region although it is very close to the Cheshire border.
It is North Wales premier cultural centre as well as the main educational, shopping and commercial town in the region.
It is often referred to as the unofficial capital of North Wales.
The town has a population of around 50,000 with a total of around 130,000 including smaller towns and villages in the immediate vicinity.
There has been a massive redevelopment of the town of the last decade with new and improved civic amenities such as Belle Vue Park and Queens Square.
There have been several new retail developments including the new Eagles Meadow and the established Island Green and Henblas Square.
During the mid-90s, the town suffered more than most due to the downturn in property values with a disproportionate number of homeowners finding themselves in the negative equity trap.
Many tried to leave the area to find employment but were unable to because of their negative equity situation.
Since that time opportunities for employment and a massive increase in infrastructure and development has meant that many are now very happy that they were unable to leave during the 90s.
The area has prospered with an influx of new residents from England and other areas of Wales.
Even very recently, the town has seen a growth in population and many new housing areas being developed.
The current situation with the housing market is very favourable for anyone wishing to move into the area.
In the third quarter of last year, the area saw a house price rise of 6.
4%.
However, things have changed which is unfortunate for those wishing to sell but a bonanza for those looking to buy in the area.
In recent months there has been a drop of 7.
3% in the average price of a home in North Wales this brings the average house in the area down to approximately £160,000.
The last time residents sold for that price was March 2006, many people may believe that house sales are completely stagnant in the area but that would be inaccurate, in fact last month saw a 5.
5% increase in sales.
No one would claim that the housing market is buoyant in North Wales; however, it is managing to keep its head above water and faring better than many other areas of the country.
It seems that the charms of Wrexham and North Wales are still managing to lure prospective buyers into the area regardless of the hard economic times around the country with cheap new homes for sale [http://www.
myttonhomes.
co.
uk/homes-for-sale-wrexham.
html] in Wrexham.
It is North Wales premier cultural centre as well as the main educational, shopping and commercial town in the region.
It is often referred to as the unofficial capital of North Wales.
The town has a population of around 50,000 with a total of around 130,000 including smaller towns and villages in the immediate vicinity.
There has been a massive redevelopment of the town of the last decade with new and improved civic amenities such as Belle Vue Park and Queens Square.
There have been several new retail developments including the new Eagles Meadow and the established Island Green and Henblas Square.
During the mid-90s, the town suffered more than most due to the downturn in property values with a disproportionate number of homeowners finding themselves in the negative equity trap.
Many tried to leave the area to find employment but were unable to because of their negative equity situation.
Since that time opportunities for employment and a massive increase in infrastructure and development has meant that many are now very happy that they were unable to leave during the 90s.
The area has prospered with an influx of new residents from England and other areas of Wales.
Even very recently, the town has seen a growth in population and many new housing areas being developed.
The current situation with the housing market is very favourable for anyone wishing to move into the area.
In the third quarter of last year, the area saw a house price rise of 6.
4%.
However, things have changed which is unfortunate for those wishing to sell but a bonanza for those looking to buy in the area.
In recent months there has been a drop of 7.
3% in the average price of a home in North Wales this brings the average house in the area down to approximately £160,000.
The last time residents sold for that price was March 2006, many people may believe that house sales are completely stagnant in the area but that would be inaccurate, in fact last month saw a 5.
5% increase in sales.
No one would claim that the housing market is buoyant in North Wales; however, it is managing to keep its head above water and faring better than many other areas of the country.
It seems that the charms of Wrexham and North Wales are still managing to lure prospective buyers into the area regardless of the hard economic times around the country with cheap new homes for sale [http://www.
myttonhomes.
co.
uk/homes-for-sale-wrexham.
html] in Wrexham.
Source...