House prices dropped by 1.1% in Wrexham in July, new figures show.

The drop contributes to the longer-term trend, which has seen property prices in the area suffer a 2.9% annual decline.

The average Wrexham house price in July was £198,073, Land Registry figures show – a 1.1% decrease on June.

Over the month, the picture was different to that across Wales, where prices increased 1.1%, and Wrexham was lower than the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Wrexham fell by £5,800 – putting the area 20th among Wales’s 22 local authorities with price data for annual growth.


First steps on the property ladder

First-time buyers in Wrexham spent an average of £171,700 on their property – £5,700 less than a year ago, but £36,800 more than in July 2018.

By comparison, former owner-occupiers paid £227,500 on average in July – 32.5% more than first-time buyers.

Property types

Owners of flats saw the biggest fall in property prices in Wrexham in July – they dropped 1.4% in price, to £98,970 on average. Over the last year, prices dropped by 3.6%.

Among other types of property:

Detached: down 1.1% monthly; down 2.1% annually; £291,329 average

Semi-detached: down 1.2% monthly; down 3.2% annually; £179,601 average

Terraced: down 0.9% monthly; down 3.4% annually; £149,296 average

How do property prices in Wrexham compare?

Buyers paid 8.1% less than the average price in Wales (£216,000) in July for a property in Wrexham. Across Wales, property prices are low compared to those across the UK, where the average cost is £290,000.

The most expensive properties in Wales were in Monmouthshire – £358,000 on average, and 1.8 times the price as in Wrexham. Monmouthshire properties cost 2.8 times the price as homes in Blaenau Gwent (£129,000 average), at the other end of the scale.

Average property price in July

Wrexham: £198,073

Wales: £215,632

UK: £289,824

Annual change to July

Wrexham: -2.9%

Wales: -0.1%

UK: +0.6%