HOUSE prices dropped by 1.1% in Flintshire in April, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 3.1% over the last year.
The average Flintshire house price in April was £219,327. Land Registry figures show a 1.1% decrease on March.
Over the month, the picture was different to that across Wales, where prices decreased 2.1%, but Flintshire was lower than the 0.3% rise for the UK as a whole.
Over the last year, the average sale price of property in Flintshire rose by £6,600 – putting the area eighth 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 – £6,000 more than a year ago, and £47,000 more than in April 2019.
By comparison, former owner-occupiers paid £244,800 on average in April – 32.1% more than first-time buyers.
Property types
Owners of detached houses saw the biggest fall in property prices in Flintshire in April – they dropped 1.3% in price, to £303,892 on average. But over the last year, prices rose by 2.5%.
Among other types of property:
- Semi-detached: down 0.9% monthly; up 3.7% annually; £191,628 average
- Terraced: down 1.2% monthly; up 3.1% annually; £155,086 average
- Flats: down 0.6% monthly; up 2.2% annually; £107,208 average
How do property prices in Flintshire compare?
Buyers paid 5.4% more than the average price in Wales (£208,000) in April for a property in Flintshire. Across Wales, property prices are low compared to those across the UK, where the average cost is £281,000.
The most expensive properties in Wales were in Monmouthshire – £350,000 on average, and 1.6 times the price as in Flintshire. Monmouthshire properties cost 2.7 times the price as homes in Blaenau Gwent (£128,000 average), at the other end of the scale.
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Factfile
Average property price in April:
- Flintshire: £219,327
- Wales: £208,184
- UK: £281,373
Annual growth to April:
- Flintshire: +3.1%
- Wales: +0.4%
- UK: +1.1%
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