With stunning landscapes and fascinating culture in abundance, Wales is one of the most sought-after places to visit across the UK. As a result, it’s a country that provides a wealth of opportunities to investors who are interested in buy-to-let properties.

It’s vital that before you make your investment, you have done your research and established your personal financial health, and that you are aware of the legal processes involved like conveyancing and all the financial aspects. If you need a mortgage to buy your property, it is advised to get a mortgage agreement in principle before starting the house hunt, this will allow you to manage expectations and avoid disappointment. A good solicitor will also guide you on the buying process and deal with all the legal paperwork involved.

This article will highlight some of the best places in Wales where you can search for your next property investment.

Why Wales is a great place for property investment

Property prices: In comparison to other parts of the UK, property prices in Wales are considered to be relatively affordable. This means that investors looking to make a solid return are in luck as the demand for property in Wales is high, especially in the main tourist destinations.

Rental demand: The rental market in Wales is thriving with a high demand for both commercial and residential properties. The most popular cities and towns are awash with young professionals, residents and tourists all looking for properties to rent, so you will never be short of finding people to occupy your property.

Welsh economy: The prosperous economy in Wales means that the country has seen a rise in people relocating there to start up new businesses, which increases the demand for properties. Wales is also recognised for its affordable, relaxed lifestyle in comparison to other parts of the UK, making it a desirable place for people to visit for holidays but also to move there for a slower pace of life.

Here are some of the top places you could consider when looking to invest in property in Wales:

Aberaeron: A beautifully picturesque part of Wales, the harbour town of Aberaeron is very popular with tourists wanting to spend a day by the coast, making it an ideal location to think about purchasing an investment property that you could rent out. Property prices here are also lower than in neighbouring areas like Tenby.

New Quay: This seaside town on the Welsh west coast has benefited from a surge in popularity with tourists over the last decade, which means the demand for rental properties has also increased considerably. With endless beaches, quaint fishing ports and even the odd pod of dolphins, it’s no wonder tourists flock here each year to enjoy sunny summer holidays on the coast.

Cardiff: The city of Cardiff boasts a vast array of vibrant cultural attractions and independent businesses, while still being close enough to the rural countryside Wales is so famous for. In recent years it has become more popular with young professionals and tourists which as a result has increased the demand for rental properties across the city. This means it’s a prime location for purchasing an investment property.

Pembrokeshire: With tourism in the area booming, its economy on the rise and regeneration schemes in abundance, Pembrokeshire is an area of Wales that would make a brilliant choice for a long-term property investment.Long-term investment in regeneration plans for towns such as Haverfordwest means there is also a demand for accommodation for local tradesmen.

Ammanford: With a mixture of stunning sandy beaches, coastlines and rolling countryside, Ammanford and the surrounding area of Carmarthenshire make wonderful places to put down roots in Wales. Houses here are often much cheaper than the Welsh average, and you will find the area has great transport links to the city of Swansea and Cardiff.