The latest research by the Royal Institute of Chartered Surveys (RICS) has revealed that the downward trend of buyer demand within the Welsh property market is continuing.
The RICS Residential Market Survey is a monthly analysis of the UK residential sales and lettings sector, compiled from research by contributing RIC members who are real estate industry experts. The results are used by the government, the Bank of England and other key institutions including the IMF, as an indicator of current and future conditions in the housing market.
The survey for November 2022 states that activity in the Welsh housing market continues to weaken, with higher interest rates and a difficult macroeconomic outlook both taking their toll on buyer sentiment.
