Homebuyer enquiries in Wales fell sharply during August as the cost-of-living crisis and wider economic challenges affected market conditions, according to surveyors.
The Royal Institution of Chartered Surveyors (RICS) said house prices in Wales continued to rise, although at a less firm rate, but enquiries, sales and new instructions fell, marking a downturn in activity that has been evident for several months.
In the RICS' latest residential market survey, new buyer enquiries fell for the fifth consecutive month with a net balance of -64% of Welsh property professionals recorded, down from -49% in July.
