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House prices rise fastest in Barry

Crest of a wave: Asking
prices in Barry are
up by ten per cent

WHAT’S occurring in Barry? Property values are through the roof.

The south Wales seaside town — best known as a backdrop for TV hit Gavin And Stacey — has seen higher growth in asking prices than anywhere else in Britain, according to Rightmove.

Sellers want 10.6 per cent more than a year ago, with the average property now costing £191,050.

Gavin And Stacey: From left, Matthew Horne, Joanna Page, James Corden and Ruth Jones PICTURE: BBC

And one factor might be the demise of tolls on the Severn Bridge. Gavin And Stacey character Smithy once wrenched up a barrier by hand because he was so frustrated at being 10p short. But as of December, drivers have been able to enter Wales for free.

Andrew Fenton, of Chris Davies estate agents, said: ‘Since then, people in Newport have been priced out by investors from Bristol and what have you, so they are coming to Barry.’

He said other factors included good schools and economic growth.

The No.2 hotspot for rising prices was Wednesbury, West Midlands.