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 The number of homes for sale in Wales worth £2 million or more is increasing - and the properties may be easier to sell than those lower down the market, experts say.
There are now at least four homes worth £2 million or more in Wales, but while rising interest rates and a troublesome housing market is affecting more moderately priced properties, potential buyers for the top-end of the market are unlikely to suffer much, claims the Royal Institution of Chartered Surveyors (Rics).
Weakening demand due to rising interest rates and troubles with Home Information Packs (Hips) means that the latest housing market survey from the Rics has shown a negative effect on the housing market.
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But properties in the £2 million bracket could weather the storm as buyers with enough money to afford them are less affected by market pressures.
One chartered surveyor, Tony Filice, explained to the Western Mail: "They're celebrities in the film and sports fields who have the money to buy. They want the property to complement their current lifestyles, particularly if they're relocating."
He admitted he has sold two properties in the upper price range in the last 18 months, before they were launched onto the market.
Fast property sale expert Julian King adds, "It's the average Welsh homeowner that is affected by the lack of demand in the principality.
"As fewer and fewer people are able to afford even the most modestly priced property, homeowners will find that the lack of buyers will bring the price of their home down."
Mr King is a director of the UK's leading quick house sale company, National Homebuyers. He continues: "This UK-wide problem will affect Wales more, as the average salary is lower than the UK average."
National Homebuyers has purchased hundreds of properties in Wales, helping homeowners who have found it difficult to achieve a quick sale on their property.
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