Welsh repairs 'rising' says Rics

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Welsh repairs 'rising' says Rics

Homeowners in Wales may find the cost of repairs increasingly hard to cover, according to a new survey.

The Royal Institution of Chartered Surveyors (Rics) found rising transport and raw material costs, as well as a shortage of tradesmen, have made home improvements 20 per cent more expensive over the last two years.

The Rics Building Cost Information Service figures found some repair areas had risen above this rate, with roofing costs soaring by 26 per cent and electric work by 22 per cent.

Cathy McLean, director of Rics Wales, said the depressed property market makes these figures more relevant than ever.

She added: "Our report has played a part in highlighting the increase in costs of making home improvements so homeowners can be better informed when deciding whether to move or improve."

House prices tumbled a further 2.4 per cent last month, according to Halifax, with the average property dropping £13,000 in value since the start of the year.ADNFCR-323-ID-18628144-ADNFCR

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