Latest house prices in your area as 'green shoots' start to show in Wales

cute cottages on dispensary row overton on dee
-Credit: (Image: Halls estate agents, Ellesmere)

Average house prices across the UK have risen for the first time since June 2023, according to the latest Office for National Statistics (ONS) data. The ONS state that there has been an annual price rise of 1.8% in the 12 months to March 2024, compared with a decrease of 0.2% in the 12 months to February 2024, which values the average property in the UK at £283,000.

In Wales an annual price increase of 1.3% takes the average property value to £214,000. This is up from a decrease of 0.7% in the 12 months to February 2024 but was slower than the average UK house price annual inflation of 1.8% in the 12 months to March 2024.

Even though 10 of the 22 local authorities in Wales saw a small decrease in average house price, the overall outlook is more positive, according to Purplebricks CEO Sam Mitchell. He said: “The Welsh property market is going from strength to strength with a 1.3% year-on-year rise – we’re now seeing those green shoots start to flower. For more property stories sent to your inbox twice a week sign up to the property newsletter here.

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"This month’s House Price Index for the 12 months to March 2024 gives Welsh homeowners plenty to celebrate, as last month, house prices were down -1.2% year-on-year. With house prices on the rise across Britain, this upward trend in prices suggests there will be plenty more to celebrate as the year unfolds.

Abergele Road Llanddulas
Some areas are increasing in value according to the latest ONS -Credit:Peter Large estate agents

"Whilst monthly values may fluctuate the core demand as measured by mortgage approvals continues to increase.” Breaking sales in Wales down into house type, semi-detached and detached houses had the highest annual inflation out of all property types, both increasing by 1.5% in the 12 months to March 2024.

The latest data states that the average price for a semi-detached in Wales is £209,000 and £323,000 for a detached property. In March 2024, the most expensive area to purchase a property was Monmouthshire, where the average cost was £340,000.

In contrast, the cheapest area to purchase a property was Merthyr Tydfil, where the average cost was £131,000.

Use the widget below from Purplebricks and MailOnline to find out if your area has experienced an increase or decrease in the average house price according to the latest ONS data:

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