Latest change to house prices in Wrexham and Flintshire

In Wrexham this July, new figures show that house prices increased by 3.5 per cent.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 15.5 per cent annual growth.

The average Wrexham house price in July was £182,712, Land Registry figures show – a 3.5 pr cent increase on June.

Over the month, the picture was better than that across Wales, where prices decreased 4 per cent, and Wrexham outperformed the 3.7 per cent drop for the UK as a whole.

Meanwhile, in Flintshire, the trend went in reverse. This July, prices dropped by 1.7 per cent in Flintshire.

However, the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 9.8 per cent annual growth.

The average Flintshire house price in July was £185,647, Land Registry figures show – a 1.7 per cent decrease in June.

Over the month, the picture was better than that across Wales, where prices decreased 4 per cent, and Flintshire outperformed the 3.7 per cent drop for the UK as a whole.

Over the last year, the average sale price of property in Flintshire rose by £17,000 – putting the area 17th among Wales’s 22 local authorities for annual growth.

The best annual growth in the region was in Conwy, where property prices increased on average by 25 per cent, to £201,000.

Winners and Losers:

Owners of semi-detached houses saw the biggest improvement in property prices in Wrexham in July – they increased 3.7 per cent, to £165,212 on average. Over the last year, prices rose by 14.7 per cent.

Among other types of property:

• Detached: up 3.4 per cent monthly; up 16.2 per cent annually; £265,573 average

• Terraced: up 3.4 per cent monthly; up 15.8 per cent annually; £138,536 average

• Flats: up 3.4 per cent monthly; up 15.2 per cent annually; £97,053 average

Meanwhile, across the border in Flintshire, owners of detached houses fared worst in Flintshire in July.

They dropped 1.9 per cent in price, to £92,660 on average. But over the last year, prices rose by 10.7 per cent.

Among other types of property:

• Semi-detached: down 1.5 per cent monthly; up 9.1 per cent annually; £159,478 average

• Terraced: down 1.7 per cent monthly; up 10 per cent annually; £131,560 average

• Flats: down 1.1 per cent monthly; up 6.2 per cent annually; £92,660 average

First steps on the property ladder:

First-time buyers in Wrexham spent an average of £159,000 on their property – £21,000 more than a year ago, and £30,000 more than in July 2016.

By comparison, former owner-occupiers paid £209,000 on average in July – 31.8 per cent more than first-time buyers.

Over in Flintshire, First-time buyers spent an average of £156,000 on their property – £14,000 more than a year ago, and £22,000 more than in July 2016.

By comparison, former owner-occupiers paid £208,000 on average in July – 33.4 per cent more than first-time buyers.

How do property prices compare between Flintshire & Wrexham?

Buyers paid 2.8 per cent less than the average price in Wales (£188,000) in July for a property in Wrexham. Meanwhile, those in Flintshire paid 1.2 per cent less than the average price in Wales (£188,000) in July.

Across Wales, property prices are low compared to those across the UK, where the average cost £256,000.

The most expensive properties in Wales were in Monmouthshire – £298,000 on average, and 1.6 times as much as in Wrexham and Flintshire.

Monmouthshire properties cost 2.6 times as much as homes in Blaenau Gwent (£113,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average July sale price of £1.3 million could buy 13 properties in Burnley (average £101,000).