Darlows Land and New Homes - Land in Wales

ARE YOU BUILDING IN WALES YET?

These companies are: Redrow, Crest, Persimmon, Barratt, DWH, Charles Church

Darlows locate the land required for a client’s next project, whether it’s a new build, conversion project or large refurbishment. Darlows are part of the Spicerhaart group of companies.

South Wales is an up and coming marketplace for Developers and Darlows land has put together some great reasons to invest in South Wales.

More accessible than ever before-

With the recent takeover by UK government of the First and Second Severn crossings the Price has dropped from it’s highest of £6.70 (cars and small Vans) down to £5.60. This is due to further fall by 31st December 2018 where it will become free to cross over into South Wales.

What will that do to house prices in Wales? To commute from the Newport to Bristol today would cost someone £1,680 a year. £134 a month.

For Sale in Newport Today

For Sale in Bristol today

It is 20 minutes away from North Bristol.

Removing the toll is about boosting the Welsh economy. It will work.

Land value

Land value today is still based on the way things were.

Competitive construction prices

Salaries in Wales are lower than in England. According to payscale.com the average salary in Newport is £22,650 compared to the average salary in Bristol at £27,658.

We have contractors that we can introduce you to that can build for between £1,400-£1600 per square metre.

Welsh Government Grant funding in many areas for both private and affordable housing. Our Land team has more detail on this, please speak to Dean Ward on dean.ward@spicerhaart.co.uk The unemployment rate in Wales is 5% compared to 4.4% in England helping the recruitment of both skilled trades and general labour. This is due to increase with the Swansea city deal and CHPP in Cardiff.

Strong Sales Market

The re sale market in South Wales has had some of the highest increases of late and currently some locations are achieving in excess of £300 per Square ft. and in some case pushing the boundary of £400 per ft.

The above data is from Land registry for the last 12 months.

Strong media visibility

The Welsh Government is committed to helping local people own their own homes and has a number of initiatives driving this such as: Help to Buy and LCHO (Low cost home Ownership).

With the investment from government Cardiff has embarked on its first Housing programme with the birth of the CHPP (Cardiff Housing Partnership programme) to deliver housing on Local authority owned site that have been redundant for long periods of time this will deliver 1500 units over the next 10 years. Also the Swansea City deal which again will re generate the city but also provide much needed housing to cope with the influx of university intakes and the tidal lagoon which will in turn create in excess of 100,000 new jobs*.

*Source: Tidal Lagoon Website, www.tidallagoonpower.com

Transport accessibility

Transport and how accessible Wales is has always been a hot topic but recent projects have been introduced and are nearing completion which will make Wales more accessible than ever before projects include-

• M50 Heads of the valley road (Midlands connectivity) • Severn bridges – Prices reduced and due to become free in December 2018

Breath-taking locations

Be it the Brecon beacons to Cardiff Bay or the Gower peninsular there is some truly remarkable points of interest which development is currently in process.

Large scale employers

Employers such as Aston Martin, Royal Mint, Bank of Ireland, BT, British Gas, Bank of Ireland, Handlesbanken, Aviva, Legal and General, BBC, are actively developing and based in South Wales.

Development Funding

Development funding is now becoming very popular in Wales with most specialist lenders and mainstream banks are actively funding projects in South Wales.

Help to Buy

Help to buy has been a huge success in Wales and has been agreed to be extended until 2020.

Set up a meeting with our Land Team today. Come and see us, let us show you around some sites and show you why Wales is a great place for your next site.

Dean Ward Land Manager

T 07471226070 E dean.ward@spicerhaart.co.uk