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Bay sees biggest slump in market.


FEWER people are buying houses in 2011, a survey has revealed.

A Halifax property sales report found the housing market across North Wales to be worse off than 12 months ago.

Colwyn Bay has seen the biggest drop with a significant decrease of 17% of people buying houses.

The document highlights the level of activity in house sales, comparing the first six months of 2011 to 2010.

Rhyl is also one of the lowest areas with -16% activity, followed by Deeside with a 15% drop in house buyers.

Caernarfon fares better than any other North Wales town on the list with only 4% fewer house buyers. The report also revealed that Caerphilly (13%), Carmarthen (12%) and Cwmbran (8%) are on the rise.

Suren Thiru, Halifax housing economist, said: "A number of towns across England and Wales have experienced a significant rise in home sales over the past year despite the more subdued picture across the country as a whole."
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Publication:Daily Post (Liverpool, England)
Geographic Code:4EUUK
Date:Oct 17, 2011
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