Welsh first-time buyers are being priced out of the market

After experiencing a 32% rise in property value in 2003 - the second highest price rises in the UK - Welsh first-time buyers can probably now only afford to buy property in Aberdare, Caernarfon, Ebbw-Vale, Holyhead, Llanelli, Merthyr-Tydfil, Neath, Pontypool, Porth and Port-Talbot, according to Halifax. That’s seven towns fewer for Welsh people to live in than in 2002, as the average FTB home was worth £80,059 at the end of 2003 compared with £60,887 in the previous year. As a result, the number of FTBs still looking at buying has dropped by 43% from 28,000 to 16,000 – much higher th...