House prices in Wales are expected to fall over the next three months as economic uncertainty and the cost of living crisis sees the number enquiries and sales in the market shrink.
According to a survey from the Royal Institution of Chartered Surveyors (RICS), the outlook for house prices worsened in September, with a net balance of -15% of those surveyed in Wales anticipating prices to fall over the next three months, down -3% from August.
In recent months, house prices in Wales have been propped up by a lack of supply, with the latest net balance of +29% showing that house prices are still relatively positive.
