Affordability is key for homebuyers in Merthyr Tydfil

With house prices still at very affordable levels and economists confident of long term increases, now could be the right time for buyers in Merthyr Tydfil to snap up a superb value Redrow home.

There is still a varied selection of competitively priced one, two, three and four-bedroom homes remaining for sale at Redrow’s Gelli Dawel development. And with experts predicting a speedier than previously thought recovery of property values, it’s a great time to take advantage of such attractive prices.

According to the Centre for Economics and Business Research, house prices are set to return to the highs of 2007 in 2012, a year earlier than they had predicted just four months ago.

Further good news for home owners came in the form of the latest figures released by Nationwide, which showed house prices have continued to rise into 2010.

January saw an increase of 1.2 per cent on the previous month and the annual increase now stands at 8.6 per cent, which Nationwide predicts will rise to 10 per cent in February.*

Luly Brice, area sales manager for Redrow Homes (South Wales), said: “We know that high quality and value for money is what matters to our homebuyers and at Gelli Dawel we can offer them both in abundance.

“We are beginning to hear word from industry experts that further house price increases are forecast over the next two years, which should serve to reassure homebuyers that purchasing a Redrow home is a sound investment.”

Gelli Dawel is surrounded by countryside and the scenic Black Mountains, yet still close to the town and within easy reach of Cardiff. Everything from high street shops and quaint markets to churches, dentists and doctors is close at hand and there is a good choice of both Welsh and English speaking schools nearby.

One-bedroom ‘coach house’ style apartments and two, three and four-bedroom homes are currently priced from £72,995 to £242,000.

To find out more about the homes available at Gelli Dawel visit the sales office in Pantyffyn Road, open Thursday to Monday 10am to 5.30pm, or log on to redrow.co.uk.

* Latest house price data: nationwide.co.uk/hpi  /  cebr.com