The Welsh housing market’s strong performance continued into September, with surveyors expecting further growth in prices and sales further ahead, according to the latest RICS Market Survey.
A record net balance of +92% of Welsh respondents saw prices rise in September according to the survey, the highest reading since records began 26 years ago in 1994.
This is the biggest uptick in the 海角视频, with all indicators for activity in the Welsh market remaining strong.
New buyer enquiries in Wales were up as a net balance of +56% of respondents reported an uptick, an increase from the +49% reported last month.
Newly agreed sales and new instructions in the nation also remained strong at +45% and +31% respectively.
Looking ahead to the next three months, a net balance of +45% of respondents said they expect sales to rise in Wales, with +29% expecting a further rise over the next year.
In house prices, a net balance of +32% expect Welsh house prices to rise further over the next three months, with +75% expecting a further rise over 12 months. This is the highest reading on this indicator in the 海角视频.
Turning to the lettings market, tenant demand in Wales rose for the fourth month in succession as +80% reported an uptick.
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A net balance of -20% in September reported a fall in landlord instructions, leading to +40% of respondents expecting rents to rise in the next three months.
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Commenting on the 海角视频 picture, Simon Rubinsohn, RICS Chief Economist, said: “The latest RICS survey provides further evidence of the buoyancy of the housing market with more buyers and sellers helping to boost activity across the country.
“However there is increasing concern that the combination of significant job losses over the coming month allied to the scaling back of policy initiatives in early 2021 will have an adverse impact on transaction levels.”