HOUSE prices dropped by 0.7% – more than the average for Wales – in Flintshire in October, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 0.1% over the last year.
The average Flintshire house price in October was £216,330, Land Registry figures show – a 0.7% decrease on September.
Over the month, the picture was similar to that across Wales, where prices decreased 0.5%.
Over the last year, the average sale price of property in Flintshire rose by £200 – putting the area eighth among Wales’s 22 local authorities with price data for annual growth.
First steps on the property ladder
First-time buyers in Flintshire spent an average of £181,420 on their property – £230 less than a year ago, but £39,680 more than in October 2018.
By comparison, former owner-occupiers paid £243,340 on average in October – 34.1% more than first-time buyers.
Property types
Owners of flats saw the biggest fall in property prices in Flintshire in October – they dropped 1.3% in price, to £98,895 on average. Over the last year, prices dropped by 1.9%.
Among other types of property:
Detached: down 0.5% monthly; up 0.7% annually; £306,500 average
Semi-detached: down 0.6% monthly; up 0.2% annually; £186,630 average
Terraced: down 1% monthly; down 1.1% annually; £150,794 average
How do property prices in Flintshire compare?
Buyers paid 1% more than the average price in Wales (£214,000) in October for a property in Flintshire. Across Wales, property prices are low compared to those across the UK, where the average cost is £288,000.
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The most expensive properties in Wales were in Monmouthshire – £346,000 on average, and 1.6 times the price as in Flintshire. Monmouthshire properties cost 2.7 times the price as homes in Blaenau Gwent (£130,000 average), at the other end of the scale.
Factfile
Average property price in October:
Flintshire: £216,330.
Wales: £214,100.
UK: £287,782.
Annual change to October:
Flintshire: +0.1%
Wales: -3%
UK: -1.2%
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