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Birmingham Post
Birmingham Post
Business
Owen Hughes

House prices in Wales spiked over last year - with some counties showing near 10% increase

Wales house prices increased by 7% in the year to November 2020 according to the Land Registry.  

In Wales, all 22 local authority areas showed an increase in average house prices in November 2020 when compared with November 2019.

Caerphilly showed the strongest growth, rising by 9.7% to £153,000 in the year to November 2020. Rhondda Cynon Taf showed a 9.6% increase, while Conwy and Flintshire showed hikes of over 8%.

In contrast, there was only a tiny growth in prices in Merthyr Tydfil, with the average house price at £115,000.

The average price of a home in Wales is now £180,000 - up from £168,000.

Monmouthshire has the highest house prices at £281,000 with the lowest in Blaenau Gwent at £95,000.

The UK annual rate of growth was 7.6%.

Of all property types, terraced houses showed the biggest annual growth, rising by 7.8% in the year to November 2020, to £141,000.

The lowest annual change of all property types was for flats and maisonettes, with an increase of 1.9% in the year to November 2020 to £119,000.

Full list of house price changes:

Local authorities November 2020 November 2019 Difference
Blaenau Gwent £95,002 £91,772 3.5%
Bridgend £169,356 £158,277 7.0%
Caerphilly £152,503 £139,041 9.7%
Cardiff £222,107 £211,943 4.8%
Carmarthenshire £165,308 £153,484 7.7%
Ceredigion £200,500 £186,928 7.3%
Conwy £184,800 £170,477 8.4%
Denbighshire £171,246 £161,501 6.0%
Flintshire £185,421 £170,636 8.7%
Gwynedd £170,298 £163,304 4.3%
Isle of Anglesey £194,063 £181,924 6.7%
Merthyr Tydfil £114,704 £114,671 0.0%
Monmouthshire £281,611 £275,458 2.2%
Neath Port Talbot £128,565 £125,224 2.7%
Newport £193,067 £186,897 3.3%
Pembrokeshire £189,907 £180,469 5.2%
Powys £203,316 £192,332 5.7%
Rhondda Cynon Taf £129,768 £118,357 9.6%
Swansea £161,576 £152,155 6.2%
Torfaen £156,372 £149,000 4.9%
Vale of Glamorgan £236,141 £227,602 3.8%
Wrexham £163,858 £160,335 2.2%
Wales £180,229 £168,516 7.0%
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