House prices in Wales slow down - The Principality

The Welsh-based building society’s latest house price survey suggests the overall price rose with 32% in the 12 months ending in June. This is a slight drop compared with the 32.2% reported three months ago. According to the Principality, this is the first sign property prices in Wales are having a ‘time-out’ to allow recent sharp rises to fall back to a more sustainable level. Principality chief executive Peter Griffiths says: "The current slowdown in house price growth is necessary. Price increases over the past year in many of Wales’ hotspots were at more than 10 times the gene...