Cardiff is bucking the trend.
There are a lot of ‘strange’ movements going on in UK residential property right now and submarket trends are very much back on the agenda.
Take Aberdeen for example, where asking prices (per sqft) have fallen sharply in the past year, but sold prices have yet to experience the same decline.
Contrast that with Central Manchester, where asking prices have been below sales prices and declining for almost a year, but are now starting apparently to reverse and move upwards, albeit at the same pace.