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A year like no other

2020, a year in which the housing market defied expectations. At 7.6%, annual price growth across the UK is at its strongest since the summer of 2016. Over 129,000 homes are believed to have changed hands in December, 32% more than in December 2019 with sales for the year projected to be just 11% lower than in 2019 (HMRC). The mortgage market has recovered. Approvals in 2020 were up 3.7% on the previous year (Bank of England) and with an estimated 9–10% more sales agreed in 2020 than in 2019, the start of 2021 has been positive.


mortage approvals national statistics


Supply demand imbalance

The third national lockdown has exacerbated the supply demand imbalance evident across the housing market since the autumn. Rightmove reported its busiest ever start to a year, with demand up 12% and sales agreed in January up 9% year on year. However, new supply to the market has fallen by 12% and the number of homes for sale by 6% as new sellers remain cautious while restrictions remain (Zoopla).


property sales statistics 2020


Economic backdrop

Activity in the market is set against a backdrop of continued economic and consumer uncertainty. The UK economy shrank by a record 9.9% over 2020, despite growth of 1.2% in December. Although consumer spending fell sharply in January as restrictions were tightened, the vaccination rollout is on target and there is some optimism that restrictions may start to ease in the near future. The Chancellor’s Budget on 3 March will set the tone for the year ahead, the economy currently forecast to return to pre-pandemic levels during the final quarter of 2022 (OBR).


house prices statistics


Rental market

Average rents across the UK rose by 1.4% in the year to December, on par with growth throughout the year. Agents in virtually all parts of the country envisage rents rising over the near term, London the notable exception as supply continues to considerably outweigh demand (RICS). As in the sales market, interest in rental property out of city centres has surged. However, the majority of renters move less than five miles between tenancies.


gross income spent on rent Dec 2020 statistics


Regional Reports

Browse our Regional Market Report: 



Contact us today

To see a full copy of The Guild’s spring market report and for further guidance on the home moving process, take a look at the regional property market updates or get in touch with your local Guild Member office today at Williams & Goodwin The Property People Ltd.

Thinking it could be time to sell your home? Book a valuation to see if your house price has grown. 




We have just been awarded the Silver award in Sales and lettings in Wales by The Guild of Property Professionals, sponsored by The Telegraph.

As the exclusively chosen Guild Member in this area, and a winning agent in this region, we can deliver an unrivalled property service. Thinking of selling or letting?

Contact us to find out what your property is worth today. See more at

#Holyhead 01407760500

#Llangefni 01248751000

#Bangor 01248355333

#Caernarfon 01286677775

#Property Management 01248724040

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#williamsgoodwin #movingtogether #Anglesey #Gwynedd #propertymanagement #sales #properties #realestateagent #NorthWales Melfyn Williams Tim Goodwin


Need Some FIBRE in your day… 

With the current pandemic & the need to stay at home we have in the last 12 months been offering virtual meetings with prospective landlords and sellers & virtual viewings for interested parties to see a property. 


Wouldn’t it be great if fibre was switched on here, there and everywhere, for everyone to take advantage of?  


Melfyn Williams from WGTPP commented:

“The speed of internet in some parts of #NorthWestWales could do with improvement, people need support who now have to work at home, and from our viewpoint, better internet speed times would help prospective customers who at times are “buffering” on viewing property”.  


Tim Goodwin co founder at Williams & Goodwin added:

Are rural areas being disadvantaged?  Just putting it out there - Please BT, or whoever can help get fibre switched on, is it possible to speed up the switch on in all areas?”


In the meantime, the virtual part of Williams & Goodwin  service remains active - despite the slower pace of the internet - action still happens, we’d just like it to be better for you - to meet your demands and ours. Please don’t hesitate to contact your local office for a free virtual or physical overview, with a smile and no obligation, no paperwork, no fuss in a safe manner.


#Llangefni 01248751000 #Bangor 01248355333 #Holyhead 01407760500 #Caernarfon 01286677775 #Lettings 01248724040 #Auctions 01248753939


#property #people #stayathome

#movingtogether #williamsgoodwin #allwalesauction


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©Copyright 2021 Williams & Goodwin The Property People Ltd.


Transaction time slashed by 30% on December completions:
Without added new technology, just great communication and a willingness by everyone involved in the chain, average time from Sold stc to exchange of contracts reduced from an average 14 weeks to an average of just 10 weeks in December.
The trend in recent times has seen transaction periods become longer taking around 14 or 15 weeks to reach an exchange of contracts from date a sale was agreed. Perhaps more urgency was required as pent up demand was wanting to get on with it and be in by Christmas? Perhaps it was the need to beat the LTT deadline in March? or Perhaps this demonstrates when the desire is there, it can be done - especially if co ordinated by a team of property professional at the hub of the transaction.
Williams & Goodwin The Property People Ltd with office in North West Wales noticed the pre Christmas rush this festive season. Despite increased numbers of transactions the time taken to exchange had reduced on the December transactions.
“When completing the statistics, we have taken out our auction lots as they typically go from on the market to sold & exchanged within four to six weeks and we have taken out our new home sales as they typically have a longer period while waiting for the property to be built and we are delighted that some of our customers have been able to move quicker in these challenging times - we hope the trend will continue into 2021”. Commented Melfyn Williams from the Llangefni office of the four office firm.
Tim Goodwin from the Bangor office added:
"Please don’t hesitate to contact your local office listed below for a free “virtual” or “physical” overview, with a smile and no obligation, no paperwork, no fuss in a safe manner".
#Llangefni 01248751000
#Bangor 01248355333
#Holyhead 01407760500
#Caernarfon 01286677775
#Lettings 01248724040
#Auctions 01248753939
©Copyright 2021 Williams & Goodwin The Property People Ltd.


January 2021 Market Comment:

What will it bring for the Property Market?


No doubt this year more than every will be difficult to predict in the short term with the ongoing matter of the pandemic, any fall out from Brexit and of course the usual issues of affordability, supply and demand will all again this year and in their own locality, play a part in what happens.


According to the Nationwide Building Society, despite the pandemic, the average UK house price ended the year 7.3% up on the previous year with our area statistics displaying around 5.4% price growth.   Remarkably there is still a lot of heat in the market - with website activity on Boxing Day being 70.5% up on last year! (Source: Property Portals). You might expect that tougher Covid-related restrictions and our formal departure from Europe at the end of last month would have seriously damaged the property market, yet the opposite seems to be true.  It may be that this surge in activity towards the end of the year just catching up for the sales that did not, or could not happen in the first lockdown back in the spring


The LTT concession in place is currently due to end on 31st March 2021.  Whilst campaigners are calling for this to be extended or at least have a softer ending rather than the proposed “cliff edge” stop date (over 72,000 have now apparently signed a petition) the impact here in Wales is expected to be less than across the border.  In Wales the concession was on main residence property only, up to £250,000 while across the border buyers on property up to £500,000 have been benefiting from the concession.  The pressure is now on for those to purchase before the deadline.


Once this tinkering with the market has ended there may be a small pause in activity however we do believe that all else being equal the traditional spring market will continue as for whatever reason people we will still need to find a home and others will have to move.


What is likely to have the greatest impact in the coming months in the property market will be employment and any redundancies which may appear as furlough schemes and other business support packages are finished.  For the wider economy, it may be better for the furlough scheme to be extended rather than LTT (stamp duty).  This in our view would benefit more people and the whole economy.  


Whenever there is change, the opportunity for prosperity is not far behind. In 2021, we’ll have immense change-related opportunities, not just following Covid, but also related to Brexit. While builders, homeware and garden-suppliers are busy providing for people resigned to spending more time at home, many manufacturers are turning their attentions to making products in the UK that had previously been imported from Europe. Brexit will no doubt also continue to cause instability in the stock market for some time to come. When this has happened in the past, investors have flocked to bricks and mortar as a proven and reliable safe haven for their money.  


People will always need a home and this usually bodes well for the lettings sector. Demand has been strong in the last quarter of 2020 with average rents in our area increasing to over £700 for the first time.  One has to question if this is sustainable and if the sales market slows down, more property may enter the lettings market which may then affect yields and rental levels.


Macro-economists point out that both Brexit and the Pandemic will turn out to be just minor blips on their charts in the future, with some predicting a return to pre-pandemic levels within 18 months. The fundamentals of the economy remain very sound and it is this, more than any other influence, that supports the property market. We are after all the fifth largest economy in the world!  That Stamp duty Concession was helpful, but it would not have prompted people to move unless they actually had a strong desire to do so based on market confidence and their personal lifestyle preferences.  


In the interim period, virtual valuations and viewings backed up by knowledgable teams of property professionals who know the local market place may well continue to be a popular safe choice for people who want or need to move quicker.


Most pundits are predicting modest growth almost immediately. So if you are planning to sell and then buy a higher value property than your current home, we suggest you act quickly, when you can, in a safe manner and put yourself in a strong position as both seller and buyer. There are more dynamics in play now than ever before and it can be confusing. So for up-to-the minute property buying, selling or investment opinion, please feel free to call us for some straight-talking good advice from the experts to help get you moving – enjoyably! 


Please don’t hesitate to contact your local office listed below for a free “virtual” or “physical” overview, with a smile and no obligation, no paperwork, no fuss in a safe manner.


From the team here at Williams & Goodwin may we extend our best wishes for a safe, healthy and  Happy New Year! 


#Llangefni 01248751000

#Bangor 01248355333

#Holyhead 01407760500

#Caernarfon 01286677775

#Lettings 01248724040

#Auctions 01248753939



©Copyright 2021 Williams & Goodwin The Property People Ltd. 

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