The South Wales town of Newport has sold its first home in more than a decade and now has one of the lowest vacancy rates in the country.
The town of Cardiff, where the town hall was demolished in the early 90s, had a rate of 5.4 per cent in September, according to the latest data from the Office for National Statistics.
Newport is just a few hundred yards from the Newport Gardens, the seaside resort town which became famous for its celebrity chef Sir Ken and is still a favourite of the Queen.
Cardiff’s rate is around 10 per cent.
But Newport’s rate fell from 9.2 per cent to 6.6 per cent after a fall in the number of people moving into town in the second half of last year, according the Office.
Cardiff also saw a jump in the average price of a house in the capital, from £3.9 million in June to £4.5 million.
Newport’s average price in August was £2.7 million.
The city’s biggest selling property is a four-bedroom house at 617 Rottnest Drive.
It sold for £2 million in August.
Newport has a population of about 9,500.
Its average house price in July was £1.9 billion.
A Newport house for sale article The number of households in Newport rose by 2,100 people to a record 9,837 last year.
This is a drop of more than 4 per cent on the previous year, when Newport was at 9,850 households.
Newport had a population increase of 1,700 last year but this is the lowest increase since records began in 1981.
The number is down from 7,400 households in the year before the financial crisis, when the economy was in crisis.
A number of properties in the town have been bought in recent years, with the average value for one-bedroom properties in Newport going from £1,966,000 in August 2016 to £1 at the end of this year.
In Newport, the average house size was a six-bedroom property, up from the five-bedroom units previously recorded.
The median house size is now 8.4 metres (27ft) long.
A house in Newport for sale: what you need now article Newport has the highest number of houses in Wales for sale at 4,923, according a survey by house-builders, which was carried out by estate agents Royal Leasing.
Newport was the only Welsh town to have a house-price growth rate of more then 5 per cent last year and the number is expected to grow even more in 2018.
Newport town hall demolished in 1992 The town hall at Newport’s historic Newport Gardens was demolished as part of the redevelopment of the city.
The house-built building, built in 1894, was demolished for the new Newport shopping centre in 1996.
The new shopping centre was to include a supermarket and a cinema.
The Newport Gardens shopping centre and the Newport Hall, which houses the town’s police station, were also demolished.
The council said the council’s planning department, which oversaw planning for the project, had not received any complaints about the impact of the demolition.
Newport council’s chief executive, David Jones, said the building had been designed to accommodate the large number of shoppers and staff that were moving into the town.
Mr Jones said the town council was committed to supporting the regeneration of Newport.
He said: “We will continue to look at our development plans to ensure we do not create more pressure on our local housing supply, which is essential for Newport to be a successful city.”