Job industries around the world were hit when COVID-19 lockdowns first began. A year later, as countries start to reopen, there is caution about new waves and recovery of the economy. The property market, however, was on an upswing. One of the places experiencing a surge in property prices is that of Wales. 

With outstanding landscapes, diverse types of property, and accessibility to bigger cities in England, cheap property in Wales have made the country famous for those wanting to move out of the city and into a more peaceful setting. 

Even the biggest cities in Wales are smaller than London and would provide relief from the usual fast-paced lifestyle. Crowds are not an issue here, at least not compared to the bigger cities of England. Not only that, factors like wanting more access to nature and isolated, countryside living so one can step out without social distancing made unexpected demand for rustic properties—plenty in Wales—a real estate trend. 

People are not just investing in property. They are also buying a particular kind of lifestyle. 

Property prices in Wales are shooting up at an annual rate of 7.5%, faster than in the UK, but houses in this greenly-swathed scenic land are still the best options for property searchers on tighter budgets. One of the cheapest places to buy property in all of the UK is in Wales, namely in Blaenau Gwent. The most expensive place to buy property in Wales is Monmouthshire, at an average house price of £307,000.

Even some of the most expensive places in Wales are cheaper than the UK national average, which begs the question—why is property so cheap in Wales?