Houses are remaining on the market for more than a month longer than they did in 2012, according to a report by the Post Office this week.
Property experts believe this is because people are willing to wait to get a better price for their homes, despite the fact that UK house prices have risen by nearly 8% in the past year, tipping the average house price in the UK over £200,000 for the first time.
Cardiff came number ten in a table of best buy-to -et yields, with landlords making an average of 7.6% on the homes they rent.
The research carried out by a money website found that landlords in the north were getting the greatest rewards from their property investments, while those in the more affluent areas of London were losing out due to the high cost of property.
In the world of pensions, new research has found that the UK has fallen out of the top ten best places to live for a pension.
Countries like Denmark and the Netherlands came out top with their “robust retirement income”, while the UK dropped to 11th with countries like Chile and Ireland ahead of it.
The UK’s rapidly ageing population as well as expectations on what people will earn at retirement led to the drop in the table.
The plight of sterling rumbled on as the Governor of the Bank of England Mark Carney said that the “fairly substantial” slump in the price of the pound cannot be ignored.
Ahead of the meeting of the monetary policy meeting next week to decide whether to increase interest rates or not, the Governor said there were limits to the amount of time they could ignore sterling’s effect on inflation. The pound slumped again this week against the dollar.