Out of the decline and fall of the mining and steel industries, Swansea, Cardiff and Newport forged a dramatic rebirth.
Homeowners are falling over themselves to cut prices and get a quick sale. Welcome to the buyers' market of 2008.
Choosing the right illumination for your home can make all the difference to its mood and value.
A housing slump - severe enough to tip the entire economy into recession - looks likely. Edmund Conway reports.