House sales in Wales have increased by 21% in the first three months of the year compared to the same period in 2013.

Figures released by HM Revenue and Customs show 10,720 houses in Wales were sold between January and March.

It follows the launch of the country’s help to buy scheme in January.

The trend suggests growing confidence in the housing market but Cardiff estate agents, Moginie James, said it was only partly down to help to buy.

The UK government operates another help to buy scheme in both England and Wales.

The Welsh government’s is available for new build homes up to £300,000 as long as borrowers have a 5% deposit. It will provide up to 20% of the value of the property as an interest free loan.

Moginie James director Nick James said the schemes had helped improve confidence in the market but the vast majority of his company’s sales between January and March were not down to them.

He said: “We are seeing a lot more first time buyers and investors entering the market, and think this is largely down to low interest rates and a gradual return of confidence in the sales market.”

Read th full story via BBC News – Wales house sales up by 21% in first three months of 2014.