Choose Wales Over Abroad Say Agents.

It seems that it is better to look closer to home before investing abroad if you are looking for a long term investment, this could also include a holiday home. Figures released by the Royal Institution of Chartered Surveyors (RICS) indicate that places such as Greece have come down 30% in price with little hope of recovering in the near future. The property boom abroad is very much a thing of the past due to the economic upheaval and the little chance of development there. Those in the property business are advising to look closer to home at picturesque parts of the UK to invest as they seem like serious contenders in the housing market.

Agents are advising househunters to look at up and coming areas of North and West Wales. One picturesque location being advised is Narberth in Pembrokeshire. It is a traditional country town and has timeless appeal with the town boasting award winning butchers, delis and greengrocers. There are also antique shops, boutiques, art galleries, restaurants and cafes. Narberth is situated in the centre of Pembrokeshire and therefore has excellent transport links. It also has the added bonus of being eight miles from the beach. A new hotel has opened there with a Michelin starred chef. Narberth is also very individual and therefore will this buoy if from any fall in house prices.

Further east is the on the rise area of Carmarthen. It is surrounded by countryside and is set on the River Towy. There has been huge investment in the area in the last two years with a £74million retail complex being completed in the town centre. It boasts the first all digital 3D cinema in Europe and many first time restaurants are opening there. Ffos Las racecourse has opened nearby and so it makes Carmarthen an ideal place to invest for 2011. It is located about an hour from Cardiff and has good links to England via the M4.

Anglesey is looking promising as ideal place to have a holiday home. It has seen media interest recently due to the fact that Prince William is situated there and when he marries Kate Middleton this year, this is where they will begin married life. It is less than two hours from Manchester and an hour from Chester. However it boasts unspoilt beaches and fantastic scenery, a high speed catamaran links the island with Dublin.

It is these sort of areas that weathered the housing storm and remained stable during 2010. Colwyn Bay say a jump of 10% in house process in 2010 and Mumbles is named as the most expensive seaside town outside the South East and the South West of the UK. As travel links keep on improving in these areas then property prices should match other expensive areas in the UK. Amenities are also being vastly improved and there is talk of a high speed rail link betwee
Swansea and London which should only take an hour. This will open up these areas of Wales and offer people the chance to invest in the countryside.
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