Savills Portugal

The abolishment of the Severn Bridge tolls at the end of 2018 was a significant moment for home-owners, commuters, businesses and holidaymakers alike. For the first time in 50 years, travel between England and Wales is free of charge, bringing the two countries much closer together.

This is good news for the already flourishing residential property market in Wales, which has been enjoying steady growth. In fact, 2018 was our Cardiff New Homes team’s busiest year on record, with reservations on new developments up by some 70 per cent and nearly a quarter more exchanges.

The majority of new build buyers are from within Wales, but the removal of the tolls may well change that. We are already starting to see more demand from across the bridge, as buyers take advantage of the relative affordability of areas such as Newport, Torfaen and Caerphilly. With Wales predicted to be one of the highest performing parts of the UK for price growth over the next five years, we can expect an uptake in interest from further down the M4 corridor and beyond.

There has never been more choice in terms of the type of new property on offer. From contemporary waterside apartment schemes in the city, through to stylish family homes in the country and beautifully executed historic building conversions, there is something for everyone in this dynamic regional market. Here are some of the best examples on the market.