Council launches its own estate agency
A COUNCIL in Wales has set up its own estate agency.
Property Bay Wales, launched by Neath Port Talbot Council, charges a fixed fee of £899. It is also offering a lettings and property management business.
A spokeswoman for the council said the agency is specifically designed to generate revenue at a time of public spending cuts.
Borough council leader Ali Thomas said: “Neath Port Talbot Council is leading the way during this current financial climate by launching Property Bay Properties.”
Steve Kidwell, managing director of Property Bay Wales, said: “We understand that this is the first local authority venture of its type in Wales, and possibly the UK.”