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.

MOST READ:

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%