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 There has been a marked slump in house building in Wales during the first quarter of 2008, according to new figures from the Office for National Statistics (ONS).
Just 1,816 new dwellings had been built across the country up until the end of March, which represents a decrease of 36 per cent from the previous quarter and 13 per cent from the equivalent period in 2007.
The trend is undoubtedly underlined by new research from the Department for Communities and Local Government (CLG), which shows that annual house price inflation fell to 2.9 per cent in Wales during April.
This compares particularly unfavourably to the UK average of 4.9 per cent and is significantly lower than the Welsh peak of 10.7 per cent, which was reached in February last year.
The CLG data also shows that the average property in Wales now costs £164,994, while the private sector accounted for 98 per cent of all new properties built during the quarter - a total of 1,781 dwellings.
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