House prices dropped by 0.2% – more than the average for Wales – in Flintshire in January, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 1.5% over the last year.
The average Flintshire house price in January was £219,632, Land Registry figures show – a 0.2% decrease on December.
Over the month, the picture was similar to that across Wales, where prices decreased 0.1%, and Flintshire was lower than the 0.5% rise for the UK as a whole.
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Over the last year, the average sale price of property in Flintshire rose by £3,200 – putting the area fifth among Wales’s 22 local authorities with price data for annual growth.
First-time buyers in Flintshire spent an average of £185,400 on their property – £2,800 more than a year ago, and £45,000 more than in January 2019.
By comparison, former owner-occupiers paid £245,400 on average in January – 32.4% more than first-time buyers.
Property types
Owners of flats saw the biggest fall in property prices in Flintshire in January – they dropped 0.3% in price, to £106,625 on average. But over the last year, prices rose by 0.2%.
Among other types of property:
Detached: down 0.2% monthly; up 1.6% annually; £305,569 average
Semi-detached: down 0.2% monthly; up 1.9% annually; £191,404 average
Terraced: down 0.3% monthly; up 0.6% annually; £154,855 average
How do property prices in Flintshire compare?
Buyers paid 3.1% more than the average price in Wales (£213,000) in January for a property in Flintshire. Across Wales, property prices are low compared to those across the UK, where the average cost is £282,000.
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The most expensive properties in Wales were in Monmouthshire – £332,000 on average, and 1.5 times the price as in Flintshire. Monmouthshire properties cost 2.4 times the price as homes in Blaenau Gwent (£136,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, at £1.2 million.
Factfile
Average property price in January:
- Flintshire: £219,632
- Wales: £213,063
- UK: £281,913
Annual change to January:
- Flintshire: +1.5%
- Wales: -0.8%
- UK: -0.6%
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