Welsh housing market reopens – The housing market in Wales will partially reopen from today, as home moves can go ahead providing the residential property has been vacant for at least 72 hours.
People can move whereby a sale has been agreed but not yet completed, while the marketing and viewing of unoccupied residential properties can once again take place.
Property valuations and inspections are allowed provided they are done in line with social distancing measures.
Mark Drakeford, first minister of Wales, said: “The threat of coronavirus hasn’t gone away but thanks to the efforts we have all made over the last few months, the number of people contracting coronavirus each day in Wales is falling, so too is the risk of meeting somebody with virus.
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“Given the progress we have made, we are able to take some additional cautious steps to further unlock our society and economy. This includes more retailers being able re-open their businesses, as long as they take measures to minimise the risk to their staff and to the customers who visit their stores.
“Our focus continues to be on the health risks of the outbreak, but we can now begin to cautiously focus much more squarely on the wider economic and societal impact the virus is having.
“We have provided a huge amount of support to businesses and jobs as they hibernated during the pandemic – now we start to take these careful steps to restart our economy.”
Mark Hayward, chief executive, NAEA Propertymark and David Cox, chief executive, ARLA Propertymark, said: “We welcome today’s announcement reopening the housing market in Wales.
“However, the guidance issued will have a greater impact on the sales market as there still are some significant restrictions in place meaning the market will not be able to fully open.”
BY RYAN BEMBRIDGE
Source: Property Wire