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House sales in Wales rise faster than anywhere else in the UK

Credit: PA

House sales in Wales have risen faster than anywhere else in the UK.

Welsh house prices are rising too, bucking the trend elsewhere, according to the latest Royal Institution of Chartered Surveyors (RICS) survey.

New sales rose at the fastest rate in four months in Wales, while prices last month were at their highest level since mid-2014.

We are seeing rising numbers of people registering to buy, but in March there were fewer properties than I would expect coming onto the market for that time of year.

In our experience, sales activity is good, particularly in the £250,000 - £350,000 price range, due to demand exceeding supply. This is putting upward pressure on prices.

– Tony Filice, RICS Wales residential spokesperson
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