UK Property

Ryan Reynolds turns Welsh city into a property investment hotspot


Last year Wrexham became a city as part of the Queen’s Platinum Jubilee celebrations, which has further raised its profile.

Mr Hayward said the Hollywood actors both regularly attend the games in the heart of the city, with tourists from places as far-flung as the US coming to spot them.  

Local businesses have also benefited from the extra tourism, which is fuelling an economy propped up by one of the large industrial estates in Europe. 

Tenants are often moving to the area to take up jobs at large companies including JCB and Kellogg’s, as well as pharmaceutical giants who produced Covid vaccines. 

Mr Hayward said landlords had noticed a surge in demand from international students coming to the local university. 

He also said many have been selling up because of high interest rates and landlords’ unhappiness about growing regulations in the Welsh rental market

Changes to housing laws implemented last December in Wales mean landlords now have to give six months notice for “no-fault” evictions instead of two. The Government has also been exploring options for rent controls. 

Karen Evans, operations director at Monopoly Buy Sell Rent in Wrexham, said it has been a “really crazy year” for lettings in Wrexham.

She said: “There just hasn’t been enough properties to meet the demand from tenants and this has resulted in higher rental prices. Due to the sheer volume of enquiries we’ve been receiving for rental properties, we’ve had to reduce viewing times and host group viewing sessions. 

“For cheaper properties up to around £900 per month in rent, we’re still seeing very high volumes of interest, with many working in the area still really needing a place to rent.”



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