House prices increased in Conwy in January, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 7.4% annual growth.
The average Conwy house price in January was £178,289, Land Registry figures show – a 2.1% increase on December.
Over the month, the picture was better than that across Wales, where prices decreased 2.9%, and Conwy outperformed the 1.1% drop for the UK as a whole.
Over the last year, the average sale price of property in Conwy rose by £12,000 – putting the area second among Wales’s 22 local authorities for annual growth.
The best annual growth in the region was in Neath Port Talbot, where properties increased on average by 8.8%, to £123,000. At the other end of the scale, properties in Ceredigion dropped 4.7% in value, giving an average price of £178,000.
Winners and Losers
Owners of terraced houses saw the biggest improvement in property prices in Conwy in January – they increased 2.7%, to £139,504 on average. Over the last year, prices rose by 8.5%.
Among other types of property:
Detached: up 1.7% monthly; up 7% annually; £249,365 average
Semi-detached: up 2.5% monthly; up 8.8% annually; £172,956 average
Flats: up 1.6% monthly; up 4.9% annually; £111,952 average
First steps on the property ladder
First-time buyers in Conwy spent an average of £155,000 on their property – £11,000 more than a year ago, and £31,000 more than in January 2015.
By comparison, former owner-occupiers paid £202,000 on average in January – 29.8% more than first-time buyers.
How do property prices in Conwy compare?
Buyers paid 10.2% more than the average price in Wales (£162,000) in January for a property in Conwy. Across Wales, property prices are low compared to those across the UK, where the average cost £231,000.
The most expensive properties in Wales were in Monmouthshire – £276,000 on average, and 1.5 times as much as in Conwy. Monmouthshire properties cost 3.1 times as much as homes in Blaenau Gwent (£88,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average January sale price of £1.2 million could buy 14 properties in Burnley (average £86,000).
Average property price in January
Conwy: £178,289
Wales: £161,719
UK: £231,185
Annual growth to January
Conwy: +7.4%
Wales: +2.0%
UK: +1.3%
Best and worst annual growth in Wales
Neath Port Talbot: +8.8%
Ceredigion: -4.7%
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