Why release equity in Cardiff? How the market has changed
Equity release has grown in popularity in recent years in Cardiff. This financial product allows homeowners over the age of 55 to unlock part of the financial value in their home, so they can help manage their finances later in life.
Equity release is completely tax-free and the money can be used as you wish. If you are thinking about equity release and the amount of money you could potentially release, see our equity release calculator.
Equity release is a significant financial transition that will impact you and your wider family. If you bought your property some time ago, the chances are it will have vastly increased in value over that time. Cardiff has long been a hugely popular city. It offers wonderful entertainment, retail, and culture and access to many green spaces.
According to the property site Rightmove, in 2020 the majority of property sales during 2020 were terraced homes that fetched an average of just over £243,000. Semi-detached houses sold for an average of £292,000, with flats fetching over £155,000. Overall prices had grown by 10 per cent from 2019 and 15 per cent from 2018.