HOUSE prices have dropped in Denbighshire with the average price now being at £168,012.

The figures, released from Principality Building Society House Price Index, show that the county has seen a 1.9 per cent fall in house prices over the last year.

The average quarterly change is 2.3 per cent.

The average house price in Conwy is £185,807. Conwy's prices have increased by 6.3 per cent.

Gwynedd saw a rise by 4.1 percent to £184,245.

In Anglesey, the average house price is £202,048. The island has seen a rise by 5.1 per cent.

Tom Denman, chief financial officer at Principality Building Society, said: "There are a number of possible reasons why Welsh house prices are at an all-time high - interest rates are currently close to their historic low, the number of people in work is near an all-time high whilst average weekly earnings have risen above the rate of inflation. Welsh Government housing schemes have also helped would-be property owners onto, and up, the housing ladder.

"We know from a recent survey we did that a quarter of people in Wales admit Brexit is affecting whether they buy or sell a home."

"Brexit has undoubtedly affected the market but so far hasn’t dampened the market in Wales as much as England, with the number of property sales estimated to be on a par with last year.

"Affordability of homes in the country compared to areas of south-west England is likely to have helped growth, along with supply and demand."

Wales achieved a new peak average house price in December 2018, at £186,699, being some £2,000 higher than the previous peak seen in September 2018.

Alongside Denbighshire, Pembrokeshire has also seen a 1.4 per cent drop and Neath Port Talbot, 2.4 per cent.