Local property market information for the serious investor

Cardiff Home Owners Are Only Moving Every 15.5 Years

As I mentioned in a previous article, the average house price in Cardiff is 7.54 times the average annual Cardiff salary. This is higher than the last peak of 2008, when the ratio was 6.91. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Cardiff) property prices might drop like a stone. The point is – they haven’t.

Now it’s true the market for Cardiff’s swankiest and poshest properties looks a little fragile (although they are selling if they are realistically priced) and overall, Cardiff property price growth has slowed, but the lower to middle Cardiff property market appears to be quite strong.

Scratch under the surface though, and a different long-term picture is emerging away from what is happening to property prices. Cardiff people are moving home less often than they once did. Data from the Office of National Statistics shows that the number of properties sold in 2016 is again much lower than it was in the Noughties. My statistics show…


The Total Number of Property Sales Per Annum in the

City of Cardiff Council Area Since 1995

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
4,233 5,299 6,343 5,464 6,562 6,489 7,708 8,826 8,309 7,953 6,177
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
8,029 7,644 4,193 4,187 4,048 4,048 3,930 4,633 5,692 5,380 5,470

Even though we are not anywhere near the post credit crunch (2008 and 2009) low levels of property sales, the torpor of the Cardiff housing market following the 2016 Brexit vote has seen the number of property sales in Cardiff and the surrounding local authority area level off to what appears to be the start of a new long term trend (compared the Noughties).


Interestingly, it was the 1980’s that saw the highest levels of people moving home. Nationally, everyone was moving on average every decade. Even though it was during the Labour administration of the late 1970’s where the right to buy one’s council house started, it was the Housing Act of 1980 that that really got council tenants moving, as Thatcher’s Tory government financially encouraged council tenants to buy their council-rented homes – for which countless then sold them on for a profit and moved elsewhere. The housing market was awash with money as banks were allowed to offer mortgages as well as the existing building societies, meaning it made it simpler for Brits to borrow even more money on mortgages and to climb up the housing ladder.

But coming back to today, looking at the property sales figures in the Cardiff area since 2010/11, a new trend of number of property sales appears to have started. Interestingly, this has been mirrored nationally. The reasons behind this are complex, but a good place to start is the growth rate of real UK household disposable income, which has fallen from 5.01% a year in 2000 to 1.68% in 2016. Also, things have deteriorated since the country voted to leave the EU as consumer price inflation has risen to 2.7% per annum, meaning inflation has eaten away at the real value of wages (as they have only grown by 1.1% in the same time frame).

With meagre real income growth, it has become more difficult for homeowners to accumulate the savings needed to climb up the housing ladder as the level of saving has also dropped from 4.26% of household income to -1.11% (i.e. people are eating into their savings).

Next week I will be discussing how these (and other issues) has meant the level of Cardiff people moving home has slumped to once every 15.5 years.

Kate Gwinnutt

View more posts from this author
25 thoughts on “Cardiff Home Owners Are Only Moving Every 15.5 Years
  1. Pingback: cialis over the counter walmart

  2. Pingback: viagra without a doctor prescription usa

  3. order abilify

    I precisely had to appreciate you all over again. I am not sure the things that I might have followed in the absence of the entire methods documented by you directly on such industry. It had become a real distressing crisis in my circumstances, however , encountering the skilled form you managed that made me to jump over fulfillment. I’m just happier for this guidance and even hope you find out what a great job you are doing instructing other individuals through your blog post. I am sure you have never encountered all of us.

  4. ziprasidone tablets

    My wife and i were very thrilled when Raymond managed to round up his web research with the precious recommendations he was given while using the weblog. It is now and again perplexing to simply possibly be releasing tips and tricks which usually the rest might have been trying to sell. We really understand we now have you to thank for this. Those illustrations you made, the straightforward website navigation, the relationships your site make it possible to promote – it is mostly wonderful, and it is making our son in addition to us understand this topic is thrilling, which is certainly wonderfully vital. Thanks for the whole thing!

  5. lexapro escitalopram

    I am glad for writing to make you know what a incredible encounter my friend’s girl gained studying your web page. She learned plenty of pieces, which include what it’s like to possess an awesome helping mood to let other folks smoothly know just exactly several multifaceted subject matter. You truly exceeded our own expectations. Thank you for offering these necessary, safe, explanatory and even fun tips about this topic to Julie.

  6. escitalopram cost

    I happen to be writing to make you understand what a wonderful experience our princess went through visiting yuor web blog. She realized too many things, with the inclusion of what it is like to possess an incredible teaching style to make the rest without problems understand various very confusing topics. You undoubtedly surpassed visitors’ expected results. Thanks for supplying those warm and helpful, trustworthy, revealing not to mention unique tips on your topic to Tanya.

  7. risperidone without a prescription

    I enjoy you because of all of the effort on this blog. Betty delights in carrying out internet research and it’s easy to see why. A lot of people hear all about the compelling form you convey advantageous guidance by means of the blog and attract contribution from other individuals about this area and my child has always been becoming educated a great deal. Enjoy the remaining portion of the new year. You’re carrying out a brilliant job.

  8. generic paxil

    I’m also commenting to let you be aware of of the brilliant discovery my child encountered checking the blog. She came to understand a lot of details, including how it is like to have a marvelous coaching character to get folks completely fully grasp a variety of complex issues. You actually did more than her desires. I appreciate you for coming up with such essential, dependable, edifying and cool guidance on that topic to Ethel.

  9. sinequan generic

    I precisely desired to say thanks again. I’m not certain the things I could possibly have carried out in the absence of the creative concepts discussed by you concerning such a question. It previously was a very frightful dilemma in my opinion, however , noticing the very specialised mode you processed that made me to leap over gladness. I am just happy for this information and in addition hope that you know what a great job you are always getting into teaching people thru your web blog. More than likely you have never got to know any of us.

  10. quetiapine cost

    I happen to be writing to make you understand what a wonderful experience our princess went through visiting yuor web blog. She realized too many things, with the inclusion of what it is like to possess an incredible teaching style to make the rest without problems understand various very confusing topics. You undoubtedly surpassed visitors’ expected results. Thanks for supplying those warm and helpful, trustworthy, revealing not to mention unique tips on your topic to Tanya.

  11. wellbutrin prices

    I am also commenting to let you know of the great encounter my friend’s daughter found reading through your web page. She figured out numerous issues, not to mention what it’s like to have an amazing giving mood to have men and women really easily have an understanding of selected hard to do subject areas. You really exceeded our own expectations. Many thanks for imparting the interesting, safe, explanatory and even easy thoughts on the topic to Janet.

  12. venlor

    A lot of thanks for all your efforts on this site. Gloria loves engaging in investigation and it’s easy to understand why. Almost all know all concerning the dynamic means you deliver helpful items on the web blog and as well encourage contribution from other people on that concern plus our daughter is actually discovering a lot. Have fun with the remaining portion of the new year. You’re the one conducting a good job.

  13. zyprexa no rx

    Thanks for the tips on credit repair on all of this blog. What I would advice people is to give up the mentality that they can buy now and pay later. As a society we tend to do this for many things. This includes vacations, furniture, and items we want. However, you need to separate your wants from all the needs. While you are working to improve your credit score you have to make some sacrifices. For example you can shop online to save money or you can go to second hand stores instead of expensive department stores for clothing.

  14. Pingback: buying cialis online without prescription

  15. cheap jordans

    I in addition to my buddies have been taking note of the best guidelines located on the blog and then suddenly I had an awful feeling I had not expressed respect to the web blog owner for those techniques. All the young men were as a result passionate to read them and now have very much been enjoying those things. We appreciate you getting very considerate as well as for deciding on variety of brilliant subject matter millions of individuals are really needing to know about. My personal sincere apologies for not saying thanks to you sooner.

  16. russell westbrook shoes

    I simply needed to thank you so much once again. I am not sure the things that I could possibly have done in the absence of the type of information shared by you regarding my problem. It had been a very hard issue for me personally, however , seeing the very professional manner you solved that forced me to cry over delight. Now i’m happy for the information and thus have high hopes you realize what an amazing job that you’re doing teaching others by way of a blog. Most probably you’ve never met any of us.

  17. Pingback: viagra patent expiration

  18. stephen curry shoes

    I’m also writing to let you be aware of what a incredible encounter my cousin’s girl went through studying your webblog. She mastered lots of pieces, which include how it is like to have an incredible teaching style to make other folks just comprehend certain specialized topics. You really exceeded her expectations. Thank you for imparting such useful, trustworthy, revealing and in addition fun thoughts on your topic to Gloria.

  19. curry 6

    I must express my admiration for your kindness supporting persons that must have assistance with this issue. Your personal dedication to getting the solution throughout appeared to be wonderfully insightful and have all the time made women just like me to arrive at their desired goals. Your amazing interesting guideline can mean this much to me and even more to my peers. Thanks a lot; from each one of us.

  20. kawhi leonard shoes

    I precisely wanted to appreciate you all over again. I’m not certain the things that I would have carried out without the methods contributed by you directly on this problem. It actually was a very troublesome circumstance in my opinion, nevertheless viewing the very professional style you handled the issue took me to weep over happiness. I will be grateful for the work and even have high hopes you find out what a great job that you are accomplishing teaching the mediocre ones all through your blog. I know that you’ve never met all of us.

  21. supreme

    I needed to send you a very small note to help give thanks again considering the superb advice you have discussed on this website. It’s simply unbelievably generous of you giving unreservedly precisely what some people could possibly have marketed for an e book to get some profit for themselves, most notably seeing that you might have done it in case you wanted. The concepts in addition worked like the easy way to fully grasp that the rest have a similar keenness just like my very own to figure out more and more around this issue. I believe there are numerous more pleasant times in the future for people who read your blog.

  22. jordan 13

    I wish to show my appreciation for your generosity supporting individuals who really need guidance on this important situation. Your real commitment to passing the solution across was incredibly functional and has usually permitted those much like me to get to their targets. This informative recommendations signifies much a person like me and extremely more to my peers. With thanks; from all of us.

  23. pandora jewelry

    My wife and i ended up being so thrilled that John managed to deal with his reports through your ideas he gained through your weblog. It’s not at all simplistic to simply happen to be giving for free steps which many others may have been making money from. And we acknowledge we have the blog owner to give thanks to for that. Most of the explanations you’ve made, the simple web site navigation, the friendships you can aid to create – it’s got all astonishing, and it is aiding our son and us reason why this situation is satisfying, which is wonderfully mandatory. Thank you for all!


Leave a Reply

Your email address will not be published. Required fields are marked *