House prices dropped by 1.3% – more than the average for Wales – in Flintshire in November, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 8.9% annual growth – though still the lowest in Wales.
The average Flintshire house price in November was £197,479, Land Registry figures show – a 1.3% decrease on October.
Over the month, the picture was worse than that across Wales, where prices decreased 0.7%, and Flintshire underperformed compared to the 1.2% rise for the UK as a whole.
Over the last year, the average sale price of property in Flintshire rose by £16,000 – putting the area bottom among Wales’s 22 local authorities with price data for annual growth.
Winners and Losers
Owners of terraced houses fared worst in Flintshire in November – they dropped 1.7% in price, to £137,333 on average.
But over the last year, prices rose by 6.9%.
Among other types of property:
Detached: down 1.1% monthly; up 10.7% annually; £280,978 average
Semi-detached: down 1.5% monthly; up 8.3% annually; £169,087 average
Flats: down 1.5% monthly; up 2.9% annually; £94,715 average
First steps on the property ladder
First-time buyers in Flintshire spent an average of £165,000 on their property – £13,000 more than a year ago, and £35,000 more than in November 2016.
By comparison, former owner-occupiers paid £222,000 on average in November – 34.6% more than first-time buyers.
Buyers paid 1.2% less than the average price in Wales (£200,000) in November for a property in Flintshire.
Across Wales, property prices are roughly the same as those across the UK, where the average cost £271,000.
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