House prices in Pembrokeshire have risen by 14.6 per cent in the last year, according to recently released figures. The average price of a house in Pembrokeshire is now £271,795.
Despite the drastic rise over the year, there has been no change in Pembrokeshire’s house prices in the third quarter of 2022.
The figures, released by Principality Building Society, demonstrate the rise and fall in house prices in each of the 22 local authorities in Wales.
House prices in Ceredigion have risen by the highest rate across West Wales at 16.7 per cent annually in the third quarter of 2022, to reach a new peak price of £285,133. Ceredigion’s annual double digit percentage rise is coupled with a moderate quarterly rise of 3.3 per cent.
House prices in Carmarthenshire also reached a new peak, following a 0.4 per cent increase across the third quarter of 2022. The new peak for Carmarthenshire house prices is £224,914, with the annual increase in the county being 10.5 per cent.
The average house price in Wales has reached a new peak of £245,893, demonstrating a 12.4 per cent annual increase, and a 2.2 per cent quarterly increase.
Property prices are also up in all 22 local authority areas when compared with the same time last year, with 16 authorities reporting double-digit annual price increases – above the current rate of inflation (9.9%).
Average figures show that sales of detached homes have increased 11% annually, while semi-detached and terraced properties have increased 13-14% annually. In contrast, flat sales report just a 1% increase year-on-year.
If you are looking to buy a property in Pembrokeshire, Carmarthenshire or Ceredigion, give West Wales Property Finders http://www.westwalespropertyfinders.co.uk a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money too.