Wales' biggest building society to release annual results

The figures for 2013 are expected to be good due to an increase in first time buyers. Credit: PA

The Principality, Wales' biggest building society, will announce its annual results for 2013 later this morning.

The figures are expected to be a good indicator for the Welsh economy, underlying a recovery in the housing market.

It's thought last year's positive figures are a result of more first time buyers getting on to the property ladder in Wales.


Principality annual results announced for 2013 in Wales

Wales' largest building society, the Principality, announced that last year they lent more than a billion pounds in mortgages - an encouraging sign that first-time buyers are getting a bigger slice of the housing market.