Welsh real estate on the up

Fresh figures show that despite general UK property prices slipping in recent weeks at last some recovery is being witnessed over the border in to Wales.

Property transactions in the Welsh housing sector have been sluggish to say the least during the post recession time period but recent data reveals that Cardiff has started to lead the recovery with sales activity increasing by more than 13 per cent during November when compared to the previous month and by nearly 5 per cent across Wales as a whole.

Welsh homeowners are it seems keen to move on so to speak with more than 50 per cent new instructions coming to market compared to November 2008 and 12 per cent more than November 2009.

Estate agents across the principality have welcomed the increased level of activity and many report last month as one their best for some time but expect December to be a much quieter month as people put aside moving issues and instead concentrate on the festivities.