The latest figures from the Land Registry, which are based on sold prices so are the only truly accurate figures, show an annual price increase of 3.4% across the whole of Wales; taking the average property value to £150,258 compared with £225,956 in England.
Detached houses in Wales showed the largest price increase with a 5.4% rise in the year to August 2016.
Sales volumes in June 2017 were 13.4% higher than in June 2016.
In London, an annual price increase is shown of just of 2.6% which takes the average property value to £484,362.
Average price by property type for Wales
Property type August 2017 August 2016 Difference %
Detached £228,756 £216,982 5.4
Semi-detached £144,390 £139,249 3.7
Terraced £115,786 £113,876 1.7
Flat/maisonette £106,935 £105,233 1.6
All £150,258 £145,382 3.4
The current average asking price for a detached property in Pembrokeshire is £267,736, with the average paid over the last 12 months being £239,535.
Current rents being asked in Pembrokeshire are £462 pm for a 1 bed property; £501 for a 2 bed; £574 for a 3 bed; £868 for a 4 bed and £1,048 for a 5 bed property.
The current average asking price for a detached property in Carmarthenshire is £232,734, with the average paid over the last 12 months being £210,997.
The current average asking price for a detached property in Ceredigion is £250,423 with the average paid over the last 12 months being £232,509.
In Gower the current average asking price goes up to £376,086 with the average paid over the past 12 months being £324,842.
If you are looking to move to West Wales, or purchase property here, give West Wales property Finders a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and money. http://www.westwalespropertyfinders.co.uk
