Welsh homes are hit the hardest

Story link: Welsh homes are hit the hardest

Wales doesn’t tend to be in as high a demand as English based properties, so as the credit crunch takes its toll more and more, Welsh based property owners will see their equity decrease, and see their homes become a burden as they struggle to sell.

Welsh homes are hit the hardest

THE plummeting decline of the Welsh property market will not bottom out until 2010, experts warned last night.
The claim came as Government figures revealed prices in Wales have suffered the steepest year-on-year-decline in Britain. Figures published yesterday by the Land Registry have revealed house prices in Wales plummeted by an average of 12% over the last 12 months, a far steeper decline than the UK average of 10.1%.