Recent figures show house prices are rising at their steepest levels in Wales, making it increasingly difficult for young Welsh people to get onto the property ladder.
Data released by property website mouseprice.com found that Welsh property prices have risen by 140 per cent in the last six years – compared to an 82 per cent jump in London.
And, with separate research by the Royal Institute of Chartered Surveyors (Rics) showing that there is less property than ever available across the principality, first-time buyers are being squeezed off the market.
Cathy McLean, director of Rics in Wales, commented: "Interest rate rises are having the desired impact of stabilising the market. But the Bank of England's hawkish activity has deterred some buyers who have started to hesitate before taking the property ladder plunge."
Rics figures also showed that house prices in Wales rose for their 15th consecutive month in January, now reaching an average of £117, 516.
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