Home Buying Awake The Sleeping Dragon. But Slowly

Awake The Sleeping Dragon. But Slowly

Mark Drakeford the Welsh First Minister has announced that the housing market will be allowed to re-open in Wales from today, following slowly from its English neighbour which opened several weeks ago and has seen a big spike in demand since.

But the Welsh will not see an absolute return to normality just yet with significant restrictions on viewings and transactions being imposed still.

These include that buyer viewings will only be permissible with regard to vacant homes, not those that are occupied. Existing transactions that are mid-flow will now be allowed to conclude.

The lockdown will have had a big impact on the property sales in Wales, a market that otherwise transacts 40,000 moves each year plus substantially more rentals.

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