Page last updated at 10:46 GMT, Tuesday, 14 October 2008 11:46 UK

Property view from around Wales

Meridian Quay in Swansea
Agents say sales at Meridian Quay in Swansea are healthy

The home market around Wales is mixed, with some estate agents reporting an improvement, but others say a lack of confidence means the market remains fragile:

In Swansea estate agents said it was a mixed picture but at Meridian Quay on the marina - which will include Wales's tallest residential building when it opens - sales were healthy.

Developers have announced that they had have exchanged contracts on the 26th floor penthouse - which will sit below a three storey restaurant - to an unnamed buyer for £1m.

Chris Hope of selling agents Dawsons said contacts had now been exchanged on 260 of the 290 apartments that make up the development.

"It is different to other marina developments in that majority have been people who intend living there rather than buy-to-let," he said.

E B Morgan of Beverley Morgan and Co in Torfaen said: "Vendors now seem to be aware of the state of the housing market due to the over-coverage by the media. As a result, they are reducing prices to a more realistic level, but a lack of confidence by purchasers is slowing the market down and very few sales are taking place."

In Cardiff, Kelvin Francis said: "There is a reasonable flow of offers, despite the dramatic events in the financial markets. Viewers are not afraid to offer, even if very low and are keen to buy, but only at a price that they perceive to be the 'right price'."

But Andrew Morgan of Morgan & Davies in Lampeter, Ceredigion said: "It is a dire state of affairs. The condition of the market is extremely fragile."

And David Jones from Jones & Redfearn in Rhyl, Denbighshire said: "Until mortgages are being granted, the market will remain in a straight jacket. We need to lend to mend."

In Llandudno, Conwy, Dafydd Hardy Y Gwerthwyr Tai, said: "This has been the quietest summer sales period I can recall in the 20 years I have been in estate agency. The continuous media hype has really affected people's confidence in buying".

While he said of Bangor, Gwynedd: "It has been a good month for both sales and listings. Seller and buyer awareness of market conditions encourages an honest and cooperative dealing. Buyers are coming off the fence and becoming more confident."

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