The wider estate agency sector is not so convinced, with Nigel Jones, director ofJohn Francis Estate Agents, telling the Western Mail that, "Savills are acting very much in the high value market where there isn't always the need to sell, so prices aren't always as realistic as other areas of the market."
"We've not seen the house prices that have been commented on in the past - I think there should be a government health warning on some of these statistics," said Nigel Jones, director of John Francis estate agents in Carmarthen.
In support of Mr. Reilly's beliefs, Nigel Jones, a director of John Francis, the Swansea and West Wales estate agents, also thinks that house price forecasts indicating an ongoing descending spiral are off the mark.
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