Welsh market remains robust

The Welsh property market remains robust despite other parts of the UK slowing.

That is according to estate agency RE/MAX, which said that Wales had been protected from a property downturn because it never experienced the type of growth seen elsewhere.

Mark Jones from the firm said that first time buyers in the country can still land themselves a bargain.

"Prices here aren't as astronomical as they are elsewhere," he commented.

"There is no downturn in property prices here as yet. We generally find ourselves about five years behind the London and England scene

"First-time buyers can still get a three-bedroom terraced house for under £100,000," added Mr Jones.

The latest figures from RE/MAX will be extremely attractive for FTBs, many of whom are struggling with affordability, particularly as the latest figures from Halifax put the average UK property price at £197,071.

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