AN examination of home survey inspection data by a software platform company has revealed Gwynedd is one of the UK’s fastest-growing property markets.

By comparing the number of Royal Institution of Chartered Surveyors (RICS) house surveys carried out in 2021 so far compared with 2020, data provided by Property Inspect has revealed that Gwynedd has seen a 394.37 per cent growth.

This makes the area the second-fastest-growing market in the UK.

Stockport is by far the fastest-growing market, with 500 per cent more inspections carried out in the first half of 2021 than in the whole of 2020.

West Norfolk came third with 383 per cent.

There have been a total of 310,683 inspections so far in 2021, which accounts for 76 per cent as many as were conducted in 2020 overall.

Property Inspect works with more than 100,000 inspectors, landlords and property owners to coordinate surveys during the house sale process.

Warrick Swift, commercial director of Property Inspect, said: “The UK’s property market has been skyrocketing throughout 2020 and 2021 following the initial pandemic lockdown when the market was closed.

“House inspections are typically conducted by a buyer before contracts are exchanged to understand more about the fabric and condition of the property.

“Inspections are not mandatory, but can sometimes save buyers thousands by revealing issues that may not have been evident upon initial viewing.

“Though favourable market conditions like the stamp duty holiday have been somewhat rolled back, properties are still in high demand across the country, pushing prices up.

“It’s unclear how the market will develop in the final few months of 2021, but it’s clear that the number of properties exchanged will continue to climb, surpassing exchanges carried out last year.”